Quantamental Technologies LLC grew its stake in Community Healthcare Trust Inc (NYSE:CHCT) by 49.8% during the 2nd quarter, Holdings Channel reports. The firm owned 1,505 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the quarter. Quantamental Technologies LLC’s holdings in Community Healthcare Trust were worth $59,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Community Healthcare Trust in the first quarter worth approximately $28,926,000. Global Alpha Capital Management Ltd. acquired a new position in shares of Community Healthcare Trust during the first quarter valued at $7,365,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Community Healthcare Trust by 461.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 63,720 shares of the real estate investment trust’s stock valued at $2,287,000 after purchasing an additional 52,370 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Community Healthcare Trust during the second quarter valued at about $628,000. Finally, Moors & Cabot Inc. bought a new stake in Community Healthcare Trust in the first quarter worth about $417,000. Institutional investors and hedge funds own 91.89% of the company’s stock.

Community Healthcare Trust stock traded up $0.27 during midday trading on Friday, hitting $42.20. The company’s stock had a trading volume of 730 shares, compared to its average volume of 97,989. The stock’s 50-day moving average price is $42.48 and its 200-day moving average price is $38.43. Community Healthcare Trust Inc has a 12 month low of $27.54 and a 12 month high of $43.89. The company has a market capitalization of $796.45 million, a PE ratio of 26.51 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.32). Community Healthcare Trust had a return on equity of 1.32% and a net margin of 6.91%. The business had revenue of $14.32 million during the quarter, compared to the consensus estimate of $14.50 million. As a group, equities analysts predict that Community Healthcare Trust Inc will post 1.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.412 dividend. This represents a $1.65 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, August 15th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 103.77%.

CHCT has been the topic of several research reports. Zacks Investment Research cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Janney Montgomery Scott cut shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Finally, ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $37.01.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.

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Institutional Ownership by Quarter for Community Healthcare Trust (NYSE:CHCT)

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