ProShare Advisors LLC Takes Position in Community Healthcare Trust Incorporated $CHCT

ProShare Advisors LLC bought a new stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 366,437 shares of the real estate investment trust’s stock, valued at approximately $6,094,000. ProShare Advisors LLC owned approximately 1.29% of Community Healthcare Trust at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. lifted its holdings in Community Healthcare Trust by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 10,898 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 822 shares in the last quarter. Hancock Whitney Corp raised its position in shares of Community Healthcare Trust by 9.3% during the 1st quarter. Hancock Whitney Corp now owns 16,403 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 1,399 shares during the last quarter. Anchor Investment Management LLC purchased a new position in Community Healthcare Trust in the 1st quarter valued at about $38,000. LDR Capital Management LLC boosted its holdings in Community Healthcare Trust by 1.5% in the 2nd quarter. LDR Capital Management LLC now owns 144,129 shares of the real estate investment trust’s stock worth $2,397,000 after buying an additional 2,102 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its holdings in Community Healthcare Trust by 8.6% in the 1st quarter. Samalin Investment Counsel LLC now owns 29,274 shares of the real estate investment trust’s stock worth $532,000 after buying an additional 2,324 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity

In related news, Director Cathrine Cotman purchased 4,000 shares of Community Healthcare Trust stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average cost of $14.66 per share, with a total value of $58,640.00. Following the purchase, the director owned 37,635 shares of the company’s stock, valued at approximately $551,729.10. The trade was a 11.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.10% of the company’s stock.

Community Healthcare Trust Trading Up 0.3%

Shares of CHCT opened at $14.53 on Friday. Community Healthcare Trust Incorporated has a 12-month low of $13.23 and a 12-month high of $20.87. The firm has a market capitalization of $413.66 million, a P/E ratio of -36.32 and a beta of 0.72. The firm has a 50-day moving average price of $14.72 and a 200 day moving average price of $15.67.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The company had revenue of $31.09 million for the quarter, compared to analyst estimates of $30.58 million. Community Healthcare Trust had a negative net margin of 6.27% and a negative return on equity of 1.66%. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date of this dividend is Friday, November 7th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s dividend payout ratio is -475.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CHCT shares. Weiss Ratings restated a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Wednesday, October 8th. Piper Sandler reissued an “overweight” rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Truist Financial lowered their target price on shares of Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Finally, Zacks Research raised shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.00.

About Community Healthcare Trust

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.