MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 473,853 shares of the real estate investment trust's stock after purchasing an additional 22,249 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.68% of Community Healthcare Trust worth $9,103,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CHCT. Lazard Asset Management LLC acquired a new stake in Community Healthcare Trust in the fourth quarter worth approximately $163,000. Focus Partners Wealth lifted its holdings in shares of Community Healthcare Trust by 285.4% in the fourth quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust's stock valued at $14,305,000 after buying an additional 551,445 shares during the period. Deutsche Bank AG lifted its holdings in shares of Community Healthcare Trust by 15.7% in the fourth quarter. Deutsche Bank AG now owns 202,417 shares of the real estate investment trust's stock valued at $3,888,000 after buying an additional 27,405 shares during the period. Deprince Race & Zollo Inc. boosted its stake in Community Healthcare Trust by 20.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 360,830 shares of the real estate investment trust's stock valued at $6,932,000 after buying an additional 61,327 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in Community Healthcare Trust during the fourth quarter valued at about $342,000. Institutional investors own 87.84% of the company's stock.
Community Healthcare Trust Stock Down 0.2%
Community Healthcare Trust stock traded down $0.03 during mid-day trading on Thursday, hitting $16.04. The company's stock had a trading volume of 34,864 shares, compared to its average volume of 296,783. The stock has a market capitalization of $454.65 million, a P/E ratio of -69.53, a P/E/G ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a twelve month low of $14.76 and a twelve month high of $27.62. The stock's fifty day moving average price is $16.82 and its two-hundred day moving average price is $18.23.
Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $29.73 million during the quarter, compared to analyst estimates of $29.71 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. Equities analysts expect that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.
Community Healthcare Trust Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.47 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.88 dividend on an annualized basis and a yield of 11.72%. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio (DPR) is currently -606.45%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.25.
Get Our Latest Stock Analysis on Community Healthcare Trust
Insiders Place Their Bets
In other news, Director Cathrine Cotman bought 3,000 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were acquired at an average cost of $17.10 per share, with a total value of $51,300.00. Following the completion of the transaction, the director now directly owns 23,861 shares in the company, valued at approximately $408,023.10. The trade was 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. Corporate insiders own 5.10% of the company's stock.
Community Healthcare Trust Company Profile
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Free Report)
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.
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