Community Healthcare Trust Incorporated $CHCT Holdings Boosted by Wealthedge Investment Advisors LLC

Wealthedge Investment Advisors LLC grew its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 55.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,431 shares of the real estate investment trust’s stock after purchasing an additional 48,885 shares during the period. Community Healthcare Trust makes up 0.9% of Wealthedge Investment Advisors LLC’s portfolio, making the stock its 28th biggest position. Wealthedge Investment Advisors LLC’s holdings in Community Healthcare Trust were worth $2,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP grew its stake in Community Healthcare Trust by 235.9% during the 1st quarter. GSA Capital Partners LLP now owns 40,314 shares of the real estate investment trust’s stock valued at $732,000 after acquiring an additional 28,313 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Community Healthcare Trust by 53.1% during the second quarter. Public Employees Retirement System of Ohio now owns 53,962 shares of the real estate investment trust’s stock valued at $897,000 after purchasing an additional 18,710 shares in the last quarter. Invesco Ltd. grew its position in Community Healthcare Trust by 12.2% during the first quarter. Invesco Ltd. now owns 677,436 shares of the real estate investment trust’s stock valued at $12,302,000 after purchasing an additional 73,762 shares in the last quarter. Strs Ohio acquired a new position in Community Healthcare Trust in the 1st quarter valued at approximately $794,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Community Healthcare Trust by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 681,352 shares of the real estate investment trust’s stock worth $12,373,000 after buying an additional 207,499 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling at Community Healthcare Trust

In other news, Director Cathrine Cotman acquired 4,000 shares of Community Healthcare Trust stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of $14.66 per share, for a total transaction of $58,640.00. Following the completion of the purchase, the director owned 37,635 shares of the company’s stock, valued at $551,729.10. This represents a 11.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.10% of the company’s stock.

Community Healthcare Trust Price Performance

Shares of NYSE:CHCT opened at $15.58 on Monday. The stock has a market capitalization of $443.58 million, a P/E ratio of -38.95 and a beta of 0.72. The business has a 50-day moving average of $14.64 and a two-hundred day moving average of $15.55. Community Healthcare Trust Incorporated has a fifty-two week low of $13.23 and a fifty-two week high of $20.87.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Community Healthcare Trust had a negative return on equity of 1.66% and a negative net margin of 6.27%.The business had revenue of $31.09 million for the quarter, compared to analyst estimates of $30.58 million. As a group, research analysts expect that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were given a $0.475 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.90 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend was Friday, November 7th. Community Healthcare Trust’s payout ratio is -475.00%.

Wall Street Analyst Weigh In

CHCT has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Community Healthcare Trust in a report on Wednesday, October 8th. Truist Financial reduced their price objective on Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Zacks Research raised Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Piper Sandler reissued an “overweight” rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.00.

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.