Community Healthcare Trust Incorporated $CHCT Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its holdings in Community Healthcare Trust Incorporated to approximately $49.85 million, representing a 0.7% boost during the first quarter and accounting for 9.69% of the company's total shares.
• Community Healthcare Trust recently reported a quarterly earnings per share (EPS) of $0.50, missing analysts' expectations of $0.54, while the company also announced a dividend increase to $0.4725 per share, resulting in a yield of 12.6%.
• Despite a recent price objective decrease by Truist Financial to $19.00, Community Healthcare Trust retains a "buy" rating from some analysts, with an average target price of $18.00.

Vanguard Group Inc. increased its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 0.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,745,155 shares of the real estate investment trust's stock after buying an additional 19,081 shares during the period. Vanguard Group Inc. owned 9.69% of Community Healthcare Trust worth $49,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Community Healthcare Trust by 34.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,974 shares of the real estate investment trust's stock valued at $326,000 after buying an additional 4,386 shares during the period. Barclays PLC grew its position in shares of Community Healthcare Trust by 11.7% during the fourth quarter. Barclays PLC now owns 46,980 shares of the real estate investment trust's stock valued at $902,000 after purchasing an additional 4,926 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Community Healthcare Trust by 13.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 35,236 shares of the real estate investment trust's stock valued at $676,000 after purchasing an additional 4,143 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Community Healthcare Trust by 9.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,936 shares of the real estate investment trust's stock valued at $383,000 after acquiring an additional 1,751 shares during the last quarter. Finally, Hancock Whitney Corp bought a new position in shares of Community Healthcare Trust in the 4th quarter valued at about $288,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Truist Financial lowered their price target on shares of Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Piper Sandler reaffirmed an "overweight" rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $18.00.

Community Healthcare Trust Trading Down 0.3%

Shares of Community Healthcare Trust stock traded down $0.04 during trading hours on Thursday, reaching $15.21. The stock had a trading volume of 188,644 shares, compared to its average volume of 291,643. The stock's 50 day moving average is $15.99 and its 200 day moving average is $16.83. The firm has a market capitalization of $431.51 million, a PE ratio of -39.00 and a beta of 0.69. Community Healthcare Trust Incorporated has a twelve month low of $14.20 and a twelve month high of $20.87.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $30.13 million for the quarter, compared to analysts' expectations of $30.22 million. As a group, sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current 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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.89 annualized dividend and a yield of 12.4%. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio is currently -484.62%.

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.