Wealthedge Investment Advisors LLC Acquires New Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Wealthedge Investment Advisors LLC purchased a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 49,613 shares of the real estate investment trust's stock, valued at approximately $953,000. Wealthedge Investment Advisors LLC owned 0.18% of Community Healthcare Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CHCT. Invesco Ltd. lifted its position in Community Healthcare Trust by 1,232.9% in the 4th quarter. Invesco Ltd. now owns 603,674 shares of the real estate investment trust's stock valued at $11,597,000 after acquiring an additional 558,384 shares in the last quarter. Focus Partners Wealth lifted its position in Community Healthcare Trust by 285.4% in the 4th quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust's stock valued at $14,305,000 after acquiring an additional 551,445 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Community Healthcare Trust by 132.8% in the 4th quarter. Nuveen Asset Management LLC now owns 670,215 shares of the real estate investment trust's stock valued at $12,875,000 after acquiring an additional 382,324 shares in the last quarter. Phocas Financial Corp. lifted its position in Community Healthcare Trust by 101.5% in the 4th quarter. Phocas Financial Corp. now owns 409,632 shares of the real estate investment trust's stock valued at $7,869,000 after acquiring an additional 206,374 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its position in Community Healthcare Trust by 23.3% in the 4th quarter. Kennedy Capital Management LLC now owns 717,342 shares of the real estate investment trust's stock valued at $13,780,000 after acquiring an additional 135,462 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Community Healthcare Trust Price Performance

NYSE:CHCT traded down $0.05 on Friday, hitting $16.36. 269,167 shares of the company's stock were exchanged, compared to its average volume of 298,647. The firm has a 50-day moving average price of $16.52 and a 200-day moving average price of $18.09. Community Healthcare Trust Incorporated has a 52 week low of $14.76 and a 52 week high of $27.62. The company has a market cap of $463.61 million, a P/E ratio of -71.13, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $29.73 million for the quarter, compared to analysts' expectations of $29.71 million. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. On average, research analysts expect that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, May 9th. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a dividend yield of 11.49%. Community Healthcare Trust's payout ratio is currently -606.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler cut their price objective on shares of Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Wall Street Zen raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $21.00.

Insider Activity at Community Healthcare Trust

In other Community Healthcare Trust news, Director Horn R. Lawrence Van bought 11,815 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were purchased at an average price of $16.37 per share, for a total transaction of $193,411.55. Following the transaction, the director now directly owns 88,502 shares in the company, valued at approximately $1,448,777.74. This trade represents a 15.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cathrine Cotman bought 3,000 shares of the firm's stock in a transaction on Wednesday, April 30th. The shares were acquired at an average price of $17.10 per share, for a total transaction of $51,300.00. Following the transaction, the director now owns 23,861 shares in the company, valued at approximately $408,023.10. This represents a 14.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.10% of the stock is owned by company insiders.

About Community Healthcare Trust

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.