Y Intercept Hong Kong Ltd Acquires 62,116 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Y Intercept Hong Kong Ltd lifted its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 400.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 77,631 shares of the real estate investment trust’s stock after buying an additional 62,116 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Community Healthcare Trust were worth $1,409,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. grew its stake in shares of Community Healthcare Trust by 11.2% during the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 840 shares during the last quarter. SG Americas Securities LLC grew its position in Community Healthcare Trust by 65.7% during the 2nd quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 3,630 shares during the last quarter. Woodmont Investment Counsel LLC purchased a new position in Community Healthcare Trust in the 3rd quarter worth approximately $182,000. B. Riley Wealth Advisors Inc. bought a new stake in Community Healthcare Trust in the second quarter valued at approximately $243,000. Finally, American Century Companies Inc. boosted its stake in shares of Community Healthcare Trust by 5.5% during the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 552 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHCT. Piper Sandler lifted their target price on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price target for the company from $21.00 to $18.00 in a report on Monday, September 16th. Finally, Truist Financial decreased their price target on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Stock Up 0.8 %

Shares of CHCT opened at $18.59 on Wednesday. The firm has a 50 day moving average of $18.08 and a 200 day moving average of $20.08. Community Healthcare Trust Incorporated has a twelve month low of $15.06 and a twelve month high of $29.16. The company has a market capitalization of $524.98 million, a P/E ratio of -206.56, a price-to-earnings-growth ratio of 1.23 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.39). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The business had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. During the same quarter in the previous year, the business posted $0.63 earnings per share. On average, sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.84 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.465 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a yield of 10.01%. Community Healthcare Trust’s dividend payout ratio is presently -2,066.67%.

Community Healthcare Trust Profile

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.