Systematic Financial Management LP decreased its position in shares of Community Healthcare Trust Inc (NYSE:CHCT) by 10.6% in the third quarter, HoldingsChannel reports. The firm owned 507,756 shares of the real estate investment trust’s stock after selling 60,342 shares during the quarter. Community Healthcare Trust accounts for 1.0% of Systematic Financial Management LP’s portfolio, making the stock its 11th biggest position. Systematic Financial Management LP’s holdings in Community Healthcare Trust were worth $22,621,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Community Healthcare Trust during the third quarter worth about $52,000. Price Capital Management Inc. acquired a new stake in shares of Community Healthcare Trust during the third quarter worth about $62,000. Coastal Investment Advisors Inc. acquired a new stake in shares of Community Healthcare Trust during the second quarter worth about $59,000. Quantamental Technologies LLC lifted its holdings in shares of Community Healthcare Trust by 49.8% during the second quarter. Quantamental Technologies LLC now owns 1,505 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 500 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Community Healthcare Trust during the second quarter worth about $74,000. 91.99% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on CHCT. ValuEngine downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Evercore ISI reaffirmed a “hold” rating on shares of Community Healthcare Trust in a report on Monday. B. Riley lifted their target price on Community Healthcare Trust from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Zacks Investment Research downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $41.61.

NYSE:CHCT traded down $0.42 during trading hours on Tuesday, reaching $45.58. The company had a trading volume of 152,700 shares, compared to its average volume of 118,840. Community Healthcare Trust Inc has a 1-year low of $27.54 and a 1-year high of $49.17. The firm has a market cap of $911.63 million, a PE ratio of 28.67 and a beta of 0.72. The business’s 50 day moving average price is $45.51 and its 200-day moving average price is $41.43.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.32). Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.53%. The company had revenue of $16.26 million during the quarter, compared to analyst estimates of $15.54 million. On average, equities analysts anticipate that Community Healthcare Trust Inc will post 1.66 earnings per share for the current year.

The business also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Community Healthcare Trust’s payout ratio is presently 103.77%.

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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