Peregrine Capital Management LLC Trims Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Peregrine Capital Management LLC trimmed its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,451 shares of the real estate investment trust’s stock after selling 8,319 shares during the quarter. Peregrine Capital Management LLC owned about 0.81% of Community Healthcare Trust worth $4,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHCT. SG Americas Securities LLC increased its holdings in Community Healthcare Trust by 6.8% in the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 618 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Community Healthcare Trust in the 3rd quarter worth approximately $231,000. Ballentine Partners LLC purchased a new stake in Community Healthcare Trust in the 3rd quarter worth approximately $218,000. Graham Capital Wealth Management LLC purchased a new stake in Community Healthcare Trust during the 3rd quarter valued at approximately $2,650,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in Community Healthcare Trust during the 3rd quarter valued at approximately $182,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Stock Performance

CHCT stock opened at $18.55 on Thursday. The firm has a fifty day moving average price of $19.29 and a 200 day moving average price of $18.46. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $27.94. The firm has a market cap of $523.82 million, a PE ratio of -206.10, a price-to-earnings-growth ratio of 1.35 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The firm had revenue of $29.30 million during the quarter, compared to analyst estimates of $29.85 million. On average, equities analysts predict that Community Healthcare Trust Incorporated will post 1.84 EPS for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a $0.4675 dividend. The ex-dividend date is Monday, February 24th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 dividend on an annualized basis and a dividend yield of 10.08%. Community Healthcare Trust’s dividend payout ratio (DPR) is -2,066.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHCT. Piper Sandler increased their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Truist Financial increased their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Community Healthcare Trust currently has a consensus rating of “Hold” and a consensus price target of $21.25.

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.