Wealthedge Investment Advisors LLC Acquires New Position 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 fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,613 shares of the real estate investment trust's stock, valued at approximately $953,000. Wealthedge Investment Advisors LLC owned approximately 0.18% of Community Healthcare Trust at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Signaturefd LLC lifted its holdings in Community Healthcare Trust by 136.1% in the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 905 shares during the last quarter. Quarry LP acquired a new position in Community Healthcare Trust in the fourth quarter valued at approximately $88,000. KLP Kapitalforvaltning AS acquired a new position in Community Healthcare Trust during the fourth quarter worth $108,000. Lazard Asset Management LLC acquired a new position in Community Healthcare Trust during the fourth quarter worth $163,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in Community Healthcare Trust during the fourth quarter worth $186,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT traded down $0.05 during mid-day trading on Friday, hitting $16.36. The company had a trading volume of 269,167 shares, compared to its average volume of 298,816. The company has a market capitalization of $463.61 million, a PE ratio of -71.13, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a 1-year low of $14.76 and a 1-year high of $27.62. The business's 50-day simple moving average is $16.55 and its 200 day simple moving average is $18.12.

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

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.47 dividend. This is a boost 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%. The ex-dividend date of this dividend was Friday, May 9th. Community Healthcare Trust's dividend payout ratio (DPR) is presently -606.45%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Piper Sandler decreased their price target on Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Wall Street Zen upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Community Healthcare Trust has a consensus rating of "Hold" and a consensus 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 dated Wednesday, May 28th. The stock was acquired at an average price of $16.37 per share, for a total transaction of $193,411.55. Following the completion of the purchase, the director now owns 88,502 shares of the company's stock, valued at approximately $1,448,777.74. This represents a 15.41% increase in their ownership of the stock. The acquisition was disclosed in a filing 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 dated Wednesday, April 30th. The shares were acquired at an average price of $17.10 per share, with a total value of $51,300.00. Following the purchase, the director now directly owns 23,861 shares of the company's stock, valued at approximately $408,023.10. This trade represents a 14.38% increase in their position. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by corporate 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.