New Age Alpha Advisors LLC Invests $232,000 in Community Healthcare Trust Incorporated (NYSE:CHCT)

New Age Alpha Advisors LLC acquired a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) during the 4th quarter, Holdings Channel reports. The fund acquired 12,075 shares of the real estate investment trust’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHCT. Signaturefd LLC boosted its stake in shares of Community Healthcare Trust by 136.1% in the 4th quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 905 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Community Healthcare Trust in the 4th quarter valued at approximately $108,000. SG Americas Securities LLC lifted its stake in Community Healthcare Trust by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 1,021 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Community Healthcare Trust during the third quarter worth $198,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Community Healthcare Trust by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 1,828 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

CHCT has been the topic of several recent research reports. StockNews.com raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Truist Financial increased their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT opened at $18.09 on Thursday. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $27.62. The firm has a market cap of $512.65 million, a PE ratio of -78.65, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The firm’s fifty day moving average is $19.01 and its 200-day moving average is $18.51.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $29.30 million for the quarter, compared to the consensus estimate of $29.85 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. Sell-side analysts forecast that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a $0.4675 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a yield of 10.34%. Community Healthcare Trust’s dividend payout ratio is presently -813.04%.

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.