LDR Capital Management LLC Sells 39,247 Shares of Community Healthcare Trust Incorporated $CHCT

LDR Capital Management LLC trimmed its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 27.2% during the third quarter, HoldingsChannel reports. The fund owned 104,882 shares of the real estate investment trust’s stock after selling 39,247 shares during the period. Community Healthcare Trust comprises about 2.4% of LDR Capital Management LLC’s investment portfolio, making the stock its 13th largest position. LDR Capital Management LLC’s holdings in Community Healthcare Trust were worth $1,605,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Systematic Financial Management LP lifted its stake in Community Healthcare Trust by 1.3% in the 2nd quarter. Systematic Financial Management LP now owns 1,054,932 shares of the real estate investment trust’s stock valued at $17,544,000 after acquiring an additional 13,603 shares in the last quarter. Invesco Ltd. increased its stake in Community Healthcare Trust by 12.6% in the 2nd quarter. Invesco Ltd. now owns 763,034 shares of the real estate investment trust’s stock valued at $12,689,000 after buying an additional 85,598 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Community Healthcare Trust by 5.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 716,415 shares of the real estate investment trust’s stock worth $11,914,000 after buying an additional 35,063 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Community Healthcare Trust by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 710,586 shares of the real estate investment trust’s stock worth $11,819,000 after buying an additional 10,286 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Community Healthcare Trust in the 2nd quarter valued at about $6,094,000. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Down 0.8%

Shares of NYSE:CHCT opened at $16.93 on Tuesday. Community Healthcare Trust Incorporated has a 12-month low of $13.23 and a 12-month high of $20.87. The business has a 50 day moving average of $15.79 and a 200-day moving average of $15.41. The stock has a market cap of $481.85 million, a PE ratio of -42.31 and a beta of 0.75.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Community Healthcare Trust had a negative net margin of 6.27% and a negative return on equity of 1.66%. The firm had revenue of $31.09 million during the quarter, compared to analysts’ expectations of $30.58 million. Equities research analysts expect that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date was Friday, November 7th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s dividend payout ratio (DPR) is -475.00%.

Insider Buying and Selling at Community Healthcare Trust

In other Community Healthcare Trust news, Director Cathrine Cotman acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of $14.66 per share, with a total value of $58,640.00. Following the purchase, the director directly owned 37,635 shares of the company’s stock, valued at $551,729.10. This trade represents a 11.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CHCT shares. Zacks Research raised Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Community Healthcare Trust in a report on Wednesday, October 8th. Finally, Truist Financial boosted their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Community Healthcare Trust presently has a consensus rating of “Hold” and a consensus target price of $18.50.

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.