Systematic Financial Management LP Grows Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

Systematic Financial Management LP grew its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035,836 shares of the real estate investment trust’s stock after purchasing an additional 99,083 shares during the period. Systematic Financial Management LP’s holdings in Community Healthcare Trust were worth $19,898,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in Community Healthcare Trust by 136.1% in the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 905 shares in the last quarter. Quarry LP bought a new stake in Community Healthcare Trust in the fourth quarter worth $88,000. KLP Kapitalforvaltning AS bought a new position in shares of Community Healthcare Trust during the fourth quarter valued at about $108,000. Lazard Asset Management LLC bought a new position in shares of Community Healthcare Trust during the fourth quarter valued at about $163,000. Finally, Resona Asset Management Co. Ltd. bought a new position in Community Healthcare Trust in the fourth quarter worth about $186,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and a consensus price target of $21.25.

Community Healthcare Trust Stock Up 2.4%

Community Healthcare Trust stock opened at $16.80 on Friday. The company’s 50-day moving average price is $16.93 and its 200-day moving average price is $18.28. Community Healthcare Trust Incorporated has a twelve month low of $14.76 and a twelve month high of $27.62. The company has a market cap of $476.08 million, a PE ratio of -73.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. The firm had revenue of $29.73 million for the quarter, compared to the consensus estimate of $29.71 million. As a group, sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.88 annualized dividend and a dividend yield of 11.19%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s payout ratio is currently -606.45%.

Insider Buying and Selling

In other Community Healthcare Trust news, Director Cathrine Cotman purchased 3,000 shares of Community Healthcare Trust stock in a transaction dated Wednesday, April 30th. The shares were acquired at an average cost of $17.10 per share, with a total value of $51,300.00. Following the completion of the transaction, the director now owns 23,861 shares in the company, valued at approximately $408,023.10. This trade represents a 14.38% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by insiders.

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.