Russell Investments Group Ltd. Increases Stake in Community Healthcare Trust Incorporated $CHCT

Key Points

• Russell Investments Group Ltd. increased its stake in Community Healthcare Trust by 18.6%, owning 267,413 shares valued at approximately $4.86 million as of its latest filing.
• Community Healthcare Trust has recently announced a quarterly dividend of $0.4725, representing a 12.8% yield, marking an increase from the previous dividend of $0.47.
• Despite a reported EPS of $0.50 missing analysts' expectations, Community Healthcare Trust's stock maintains an average Buy rating with a price target of $18.00.

Russell Investments Group Ltd. raised its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,413 shares of the real estate investment trust's stock after purchasing an additional 41,960 shares during the period. Russell Investments Group Ltd. owned approximately 0.94% of Community Healthcare Trust worth $4,856,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Community Healthcare Trust during the first quarter worth $11,693,000. Focus Partners Wealth increased its holdings in shares of Community Healthcare Trust by 285.4% during the fourth quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust's stock worth $14,305,000 after buying an additional 551,445 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Community Healthcare Trust by 132.8% during the fourth quarter. Nuveen Asset Management LLC now owns 670,215 shares of the real estate investment trust's stock worth $12,875,000 after buying an additional 382,324 shares in the last quarter. Phocas Financial Corp. increased its holdings in shares of Community Healthcare Trust by 101.5% during the fourth quarter. Phocas Financial Corp. now owns 409,632 shares of the real estate investment trust's stock worth $7,869,000 after buying an additional 206,374 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Community Healthcare Trust by 90.2% during the fourth quarter. Two Sigma Advisers LP now owns 224,200 shares of the real estate investment trust's stock worth $4,307,000 after buying an additional 106,301 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Community Healthcare Trust Trading Up 0.5%

Shares of CHCT traded up $0.07 on Wednesday, reaching $15.25. The company's stock had a trading volume of 107,003 shares, compared to its average volume of 316,868. Community Healthcare Trust Incorporated has a twelve month low of $14.20 and a twelve month high of $20.87. The stock has a market capitalization of $432.64 million, a PE ratio of -39.10 and a beta of 0.69. The firm has a fifty day moving average of $16.02 and a 200-day moving average of $16.86.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.04). Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%.The business had revenue of $30.13 million during the quarter, compared to the consensus estimate of $30.22 million. As a group, equities analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.4725 per share. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.89 annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend was Friday, August 8th. Community Healthcare Trust's dividend payout ratio is -484.62%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CHCT shares. Piper Sandler reissued an "overweight" rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Truist Financial cut their price target on shares of Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $18.00.

Community Healthcare Trust Profile

Community Healthcare Trust Incorporated (the Company'', we'', our'') was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.