Wealthedge Investment Advisors LLC Increases Stock Position in Community Healthcare Trust Incorporated $CHCT

Key Points

• Wealthedge Investment Advisors LLC raised its stake in Community Healthcare Trust by 76.5%, acquiring an additional 37,933 shares, bringing its total holdings to 87,546 shares worth $1,590,000.
• Community Healthcare Trust's recent quarterly earnings missed estimates, reporting $0.50 EPS against a consensus of $0.54, with a revenue of $30.13 million.
• The company announced a raise in its quarterly dividend to $0.4725 per share, reflecting a 13.0% dividend yield, to be paid on August 22nd.

Wealthedge Investment Advisors LLC raised its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 76.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,546 shares of the real estate investment trust's stock after buying an additional 37,933 shares during the period. Wealthedge Investment Advisors LLC owned about 0.31% of Community Healthcare Trust worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Community Healthcare Trust in the 1st quarter valued at about $241,000. GSA Capital Partners LLP boosted its position in Community Healthcare Trust by 235.9% in the 1st quarter. GSA Capital Partners LLP now owns 40,314 shares of the real estate investment trust's stock valued at $732,000 after buying an additional 28,313 shares during the period. The Manufacturers Life Insurance Company boosted its position in Community Healthcare Trust by 15.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 21,506 shares of the real estate investment trust's stock valued at $413,000 after buying an additional 2,883 shares during the period. Invesco Ltd. raised its holdings in shares of 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 purchasing an additional 558,384 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of 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 purchasing an additional 382,324 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Price Performance

Community Healthcare Trust stock traded up $0.39 during mid-day trading on Tuesday, reaching $14.85. 151,624 shares of the company traded hands, compared to its average volume of 244,804. Community Healthcare Trust Incorporated has a fifty-two week low of $14.20 and a fifty-two week high of $20.87. The company has a market capitalization of $421.29 million, a price-to-earnings ratio of -38.08 and a beta of 0.69. The firm's fifty day moving average is $16.27 and its two-hundred day moving average is $17.06.

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). The business had revenue of $30.13 million during the quarter, compared to analysts' expectations of $30.22 million. Community Healthcare Trust had a negative net margin of 6.25% and a negative return on equity of 1.59%. As a group, equities research analysts predict that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.4725 per share. The ex-dividend date is Friday, August 8th. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.89 annualized dividend and a yield of 12.7%. Community Healthcare Trust's dividend payout ratio (DPR) is -484.62%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Community Healthcare Trust

In other news, Director Horn R. Lawrence Van acquired 11,815 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was purchased at an average cost of $16.37 per share, for a total transaction of $193,411.55. Following the completion of the transaction, the director owned 88,502 shares in the company, valued at approximately $1,448,777.74. This trade represents a 15.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.10% of the company's stock.

Community Healthcare Trust Company 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.