Orion Portfolio Solutions LLC Reduces Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Orion Portfolio Solutions LLC decreased its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,370 shares of the real estate investment trust’s stock after selling 1,218 shares during the period. Orion Portfolio Solutions LLC’s holdings in Community Healthcare Trust were worth $479,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CHCT. Jane Street Group LLC increased its position in Community Healthcare Trust by 1,395.6% during the third quarter. Jane Street Group LLC now owns 492,063 shares of the real estate investment trust’s stock worth $8,931,000 after buying an additional 459,163 shares in the last quarter. Phocas Financial Corp. purchased a new position in Community Healthcare Trust during the third quarter worth $3,689,000. Systematic Financial Management LP increased its position in Community Healthcare Trust by 25.0% during the third quarter. Systematic Financial Management LP now owns 936,753 shares of the real estate investment trust’s stock worth $17,002,000 after buying an additional 187,510 shares in the last quarter. Graham Capital Wealth Management LLC purchased a new position in Community Healthcare Trust during the third quarter worth $2,650,000. Finally, Algert Global LLC increased its position in Community Healthcare Trust by 534.3% during the third quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust’s stock worth $2,059,000 after buying an additional 95,557 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

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

Community Healthcare Trust Trading Up 2.8 %

Shares of Community Healthcare Trust stock opened at $18.87 on Wednesday. Community Healthcare Trust Incorporated has a twelve month low of $15.06 and a twelve month high of $28.10. The stock has a market capitalization of $532.93 million, a P/E ratio of -209.67, a PEG ratio of 1.24 and a beta of 0.68. The business’s fifty day moving average price is $18.21 and its 200 day moving average price is $19.92.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). 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 $29.64 million during the quarter, compared to analyst estimates of $29.06 million. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.84 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.86%. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s payout ratio is currently -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.