Point72 Asia Singapore Pte. Ltd. Makes New Investment in Community Healthcare Trust Incorporated (NYSE:CHCT)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 39,783 shares of the real estate investment trust’s stock, valued at approximately $722,000. Point72 Asia Singapore Pte. Ltd. owned about 0.14% of Community Healthcare Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. American Century Companies Inc. grew 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 worth $249,000 after buying an additional 552 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Community Healthcare Trust by 6.8% during the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 618 shares during the last quarter. 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 worth $151,000 after buying an additional 840 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Community Healthcare Trust by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 919 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Community Healthcare Trust by 5.9% during the third quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 1,041 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CHCT shares. Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price objective for the stock from $21.00 to $18.00 in a research note on Monday, September 16th. StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Piper Sandler boosted their price objective 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. Finally, Truist Financial reduced their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.00.

Community Healthcare Trust Trading Up 0.6 %

Shares of Community Healthcare Trust stock opened at $18.90 on Monday. The business has a 50-day moving average price of $17.93 and a two-hundred day moving average price of $20.35. Community Healthcare Trust Incorporated has a 1-year low of $15.06 and a 1-year high of $29.16. The company has a market cap of $533.74 million, a P/E ratio of -210.00, a PEG ratio of 1.29 and a beta of 0.67.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly 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 return on equity of 0.09% and a negative net margin of 0.39%. The business had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. During the same quarter in the previous year, the business posted $0.63 earnings per share. Equities research analysts forecast that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.465 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 dividend on an annualized basis and a yield of 9.84%. The ex-dividend date was Friday, November 8th. Community Healthcare Trust’s dividend payout ratio (DPR) 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.