Dupont Capital Management Corp bought a new position in Community Healthcare Trust Incorporated (NYSE:CHCT – Get Rating ) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,613 shares of the real estate investment trust’s stock, valued at approximately $406,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Exchange Traded Concepts LLC boosted its position in Community Healthcare Trust by 17.9% in the first quarter. Exchange Traded Concepts LLC now owns 30,859 shares of the real estate investment trust’s stock valued at $1,303,000 after buying an additional 4,676 shares in the last quarter. Truist Financial Corp boosted its holdings in Community Healthcare Trust by 9.7% during the first quarter. Truist Financial Corp now owns 8,509 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 751 shares during the period. Cox Capital Mgt LLC boosted its holdings in Community Healthcare Trust by 4.2% during the first quarter. Cox Capital Mgt LLC now owns 94,807 shares of the real estate investment trust’s stock valued at $4,002,000 after purchasing an additional 3,847 shares during the period. Westwood Holdings Group Inc. increased its holdings in Community Healthcare Trust by 27.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,076,349 shares of the real estate investment trust’s stock valued at $50,879,000 after acquiring an additional 233,350 shares during the period. Finally, Financial System Management LP boosted its holdings in Community Healthcare Trust by 4.5% during the 4th quarter. Systematic Financial Management LP now owns 315,311 shares of the real estate investment trust’s stock worth $14,905,000 after purchasing an additional 13,617 shares during the period. 87.26% of the shares are currently owned by institutional investors.
Performance of Community Healthcare Trust Awards
Shares of CHCT opened at $35.98 on Friday. The company has a market capitalization of $902.02 million, a price-to-earnings ratio of 41.84, a P/E/G ratio of 1.48 and a beta of 0.63. The business’s 50-day moving average is $35.87 and its 200-day moving average is $40.14. Community Healthcare Trust Incorporated has a fifty-two week low of $32.57 and a fifty-two week high of $50.76.
Community Healthcare Trust (NYSE:CHCT – Get Rating ) last announced its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). Community Healthcare Trust had a return on equity of 4.90% and a net margin of 24.50%. During the same period a year ago, the firm posted $0.57 EPS. equities research analysts expect that Community Healthcare Trust Incorporated will post 2.44 earnings per share for the current fiscal year.
Community healthcare trust raises dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Friday, May 13th were paid a dividend of $0.44 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.44. This represents an annual dividend of $1.76 and a yield of 4.89%. The ex-dividend date of this dividend was Thursday, May 12th. Community Healthcare Trust’s dividend payout ratio is currently 204.65%.
Analysts set new price targets
Several research firms have issued reports on CHCT. Truist Financial reduced their price objective on Community Healthcare Trust from $49.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, July 11th. StockNews.com began coverage on Community Healthcare Trust in a report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet cut Community Healthcare Trust from a “b-” rating to a “c+” rating in a report on Tuesday, June 14th. Evercore ISI set a $45.00 target price on Community Healthcare Trust in a report on Monday, June 20th. Finally, B. Riley dropped their target price on Community Healthcare Trust from $50.00 to $43.00 and set a “neutral” rating on the stock in a report on Tuesday, May 10th.
Community health care trust profile
Community Healthcare Trust Incorporated is a real estate investment trust focused on owning income-producing real estate properties primarily related to the provision of ambulatory health care services in our target sub-markets throughout the United States . The company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, with a total area of approximately 2.8 million square feet.
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