Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 663,500 shares, adropof25.8% from the July 15th total of 894,000 shares. Approximately2.5% of the company’s stock are sold short. Based on an average trading volume of 265,300 shares, the days-to-cover ratio is currently 2.5 days. Based on an average trading volume of 265,300 shares, the days-to-cover ratio is currently 2.5 days. Approximately2.5% of the company’s stock are sold short.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Truist Financial dropped their price target on shares of Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $18.00.
Check Out Our Latest Stock Report on CHCT
Community Healthcare Trust Stock Up 2.2%
Community Healthcare Trust (NYSE:CHCT – Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%.The company had revenue of $30.13 million for the quarter, compared to the consensus estimate of $30.22 million. Research analysts predict that Community Healthcare Trust will post 1.85 EPS for the current fiscal year.
Community Healthcare Trust Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a yield of 12.5%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, August 8th. Community Healthcare Trust’s payout ratio is presently -484.62%.
Insiders Place Their Bets
In other Community Healthcare Trust news, Director Horn R. Lawrence Van acquired 11,815 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average price of $16.37 per share, with a total value of $193,411.55. Following the completion of the transaction, the director owned 88,502 shares in the company, valued at $1,448,777.74. The trade was a 15.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.10% of the company’s stock.
Hedge Funds Weigh In On Community Healthcare Trust
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co increased its position in Community Healthcare Trust by 8.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 38,122 shares of the real estate investment trust’s stock worth $635,000 after acquiring an additional 2,886 shares during the period. Tower Research Capital LLC TRC increased its position in Community Healthcare Trust by 2,009.9% during the second quarter. Tower Research Capital LLC TRC now owns 12,301 shares of the real estate investment trust’s stock worth $205,000 after acquiring an additional 11,718 shares during the period. Orion Porfolio Solutions LLC increased its position in Community Healthcare Trust by 4.5% during the second quarter. Orion Porfolio Solutions LLC now owns 38,361 shares of the real estate investment trust’s stock worth $638,000 after acquiring an additional 1,640 shares during the period. Ameriprise Financial Inc. bought a new position in Community Healthcare Trust during the second quarter worth $823,000. Finally, AQR Capital Management LLC boosted its stake in Community Healthcare Trust by 400.9% during the second quarter. AQR Capital Management LLC now owns 218,822 shares of the real estate investment trust’s stock worth $3,639,000 after buying an additional 175,133 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.
Community Healthcare Trust Company 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.
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