Focus Partners Wealth Acquires 551,445 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Focus Partners Wealth lifted its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 285.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 744,671 shares of the real estate investment trust's stock after acquiring an additional 551,445 shares during the quarter. Focus Partners Wealth owned approximately 2.64% of Community Healthcare Trust worth $14,305,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CHCT. Signaturefd LLC boosted its stake in Community Healthcare Trust by 136.1% in the 4th quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 905 shares during the period. Quarry LP bought a new position in Community Healthcare Trust in the 4th quarter worth approximately $88,000. KLP Kapitalforvaltning AS bought a new position in Community Healthcare Trust in the 4th quarter worth approximately $108,000. Resona Asset Management Co. Ltd. bought a new position in Community Healthcare Trust in the 4th quarter worth approximately $186,000. Finally, SG Americas Securities LLC boosted its stake in Community Healthcare Trust by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust's stock worth $207,000 after purchasing an additional 1,021 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Insider Transactions at Community Healthcare Trust

In related news, Director Cathrine Cotman purchased 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were bought at an average price of $17.10 per share, for a total transaction of $51,300.00. Following the acquisition, the director now owns 23,861 shares of the company's stock, valued at approximately $408,023.10. This represents a 14.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note 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 company's stock. According to MarketBeat.com, Community Healthcare Trust has a consensus rating of "Hold" and an average price target of $21.25.

Community Healthcare Trust Stock Performance

Shares of CHCT traded up $0.40 during mid-day trading on Friday, hitting $16.80. 227,125 shares of the stock were exchanged, compared to its average volume of 298,488. The company has a market cap of $476.08 million, a PE ratio of -73.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a 52-week low of $14.76 and a 52-week high of $27.62. The firm has a 50-day moving average of $16.93 and a two-hundred day moving average of $18.27.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping 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, sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 11.19%. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, May 9th. Community Healthcare Trust's dividend payout ratio is -606.45%.

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.