SG Americas Securities LLC Lowers Stock Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

SG Americas Securities LLC cut its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCTGet Rating) by 70.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,474 shares of the real estate investment trust’s stock after selling 31,430 shares during the period. SG Americas Securities LLC owned about 0.05% of Community Healthcare Trust worth $569,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of Community Healthcare Trust by 68.8% in the fourth quarter. Van ECK Associates Corp now owns 1,859 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 758 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Community Healthcare Trust during the fourth quarter worth approximately $174,000. Teacher Retirement System of Texas acquired a new stake in Community Healthcare Trust in the fourth quarter valued at approximately $214,000. First Trust Advisors LP purchased a new position in Community Healthcare Trust in the fourth quarter worth approximately $222,000. Finally, Commerce Bank purchased a new stake in shares of Community Healthcare Trust in the 4th quarter valued at approximately $223,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Community Healthcare Trust Stock Up 2.2 %

NYSE:CHCT opened at $40.35 on Thursday. Community Healthcare Trust Incorporated has a 52-week low of $32.57 and a 52-week high of $50.18. The stock has a fifty day simple moving average of $36.25 and a 200-day simple moving average of $39.37. The company has a market capitalization of $1.01 billion, a PE ratio of 46.92, a price-to-earnings-growth ratio of 1.65 and a beta of 0.64.

Community Healthcare Trust (NYSE:CHCTGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). Community Healthcare Trust had a net margin of 24.50% and a return on equity of 4.90%. During the same quarter in the previous year, the company posted $0.57 earnings per share. As a group, equities analysts anticipate that Community Healthcare Trust Incorporated will post 2.44 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be paid a $0.442 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.77 dividend on an annualized basis and a yield of 4.38%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.44. Community Healthcare Trust’s dividend payout ratio is presently 204.65%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CHCT shares. B. Riley cut their target price on Community Healthcare Trust from $50.00 to $43.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 10th. Evercore ISI set a $45.00 price target on shares of Community Healthcare Trust in a research note on Monday, June 20th. Truist Financial decreased their price objective on shares of Community Healthcare Trust from $49.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, July 11th. Finally, TheStreet cut shares of Community Healthcare Trust from a “b-” rating to a “c+” rating in a report on Tuesday, June 14th.

Community Healthcare Trust Profile

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Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare 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, totaling approximately 2.8 million square feet.

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Institutional Ownership by Quarter for Community Healthcare Trust (NYSE:CHCT)

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