Ieq Capital LLC Buys New Position in Community Healthcare Trust Incorporated $CHCT

Ieq Capital LLC bought a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,831 shares of the real estate investment trust’s stock, valued at approximately $746,000. Ieq Capital LLC owned 0.14% of Community Healthcare Trust at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Community Healthcare Trust during the 2nd quarter worth approximately $48,221,000. Ameriprise Financial Inc. increased its stake in shares of Community Healthcare Trust by 667.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock valued at $5,809,000 after acquiring an additional 330,203 shares in the last quarter. Kennedy Capital Management LLC lifted its position in shares of Community Healthcare Trust by 66.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock valued at $12,339,000 after acquiring an additional 320,546 shares during the period. Invesco Ltd. boosted its stake in Community Healthcare Trust by 38.9% during the third quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock worth $16,221,000 after acquiring an additional 297,179 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Community Healthcare Trust during the second quarter worth $4,607,000. 87.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CHCT. Piper Sandler decreased their price target on shares of Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Weiss Ratings upgraded Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Truist Financial boosted their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Wall Street Zen downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Huntington assumed coverage on Community Healthcare Trust in a research note on Friday, July 17th. They issued an “outperform” rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Community Healthcare Trust presently has a consensus rating of “Hold” and an average price target of $18.50.

Community Healthcare Trust Trading Up 0.8%

Community Healthcare Trust stock opened at $15.05 on Friday. Community Healthcare Trust Incorporated has a 1-year low of $13.23 and a 1-year high of $19.17. The firm has a market capitalization of $431.30 million, a price-to-earnings ratio of 22.47 and a beta of 0.71. The firm’s fifty day moving average price is $17.17 and its two-hundred day moving average price is $17.09.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%.The business had revenue of $30.97 million for the quarter, compared to the consensus estimate of $31.77 million. On average, research analysts forecast that Community Healthcare Trust Incorporated will post 1.87 EPS for the current year.

Community Healthcare Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.32 annualized dividend and a dividend yield of 8.8%. Community Healthcare Trust’s dividend payout ratio is 197.01%.

Insider Activity at Community Healthcare Trust

In related news, CEO David H. Dupuy bought 10,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were bought at an average price of $15.13 per share, for a total transaction of $151,300.00. Following the completion of the acquisition, the chief executive officer directly owned 557,262 shares of the company’s stock, valued at $8,431,374.06. This trade represents a 1.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Z. Hensley bought 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $15.21 per share, for a total transaction of $121,680.00. Following the transaction, the director owned 103,702 shares of the company’s stock, valued at $1,577,307.42. The trade was a 8.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 5.30% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long?term, triple?net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.