Los Angeles Capital Management LLC Takes Position in Community Healthcare Trust Incorporated $CHCT

Los Angeles Capital Management LLC purchased a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) during the second quarter, HoldingsChannel.com reports. The firm purchased 35,959 shares of the real estate investment trust’s stock, valued at approximately $598,000.

Other large investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. lifted its holdings in Community Healthcare Trust by 8.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 10,898 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 822 shares during the period. Hancock Whitney Corp increased its holdings in shares of Community Healthcare Trust by 9.3% in the 1st quarter. Hancock Whitney Corp now owns 16,403 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 1,399 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Community Healthcare Trust in the first quarter valued at about $38,000. LDR Capital Management LLC boosted its holdings in Community Healthcare Trust by 1.5% during the second quarter. LDR Capital Management LLC now owns 144,129 shares of the real estate investment trust’s stock worth $2,397,000 after buying an additional 2,102 shares in the last quarter. Finally, Samalin Investment Counsel LLC grew its position in Community Healthcare Trust by 8.6% during the first quarter. Samalin Investment Counsel LLC now owns 29,274 shares of the real estate investment trust’s stock worth $532,000 after buying an additional 2,324 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Zacks Research raised Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Community Healthcare Trust in a report on Wednesday, October 8th. Finally, Truist Financial lowered their target price on Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.00.

Community Healthcare Trust Price Performance

CHCT stock opened at $14.82 on Friday. The company’s 50 day simple moving average is $14.71 and its 200-day simple moving average is $15.67. Community Healthcare Trust Incorporated has a 12 month low of $13.23 and a 12 month high of $20.87. The firm has a market capitalization of $421.80 million, a PE ratio of -37.04 and a beta of 0.72.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $31.09 million for the quarter, compared to analyst estimates of $30.58 million. Community Healthcare Trust had a negative return on equity of 1.66% and a negative net margin of 6.27%. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be given a $0.475 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.90 annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Friday, November 7th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently -475.00%.

Insider Activity at Community Healthcare Trust

In related news, Director Cathrine Cotman acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average price of $14.66 per share, for a total transaction of $58,640.00. Following the transaction, the director owned 37,635 shares in the company, valued at $551,729.10. This trade represents a 11.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by insiders.

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.