Wells Fargo & Company MN decreased its position in Community Healthcare Trust Inc (NYSE:CHCT) by 2.1% in the second quarter, Holdings Channel reports. The institutional investor owned 115,510 shares of the real estate investment trust’s stock after selling 2,457 shares during the period. Wells Fargo & Company MN’s holdings in Community Healthcare Trust were worth $4,553,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coastal Investment Advisors Inc. purchased a new position in Community Healthcare Trust in the second quarter valued at $59,000. KBC Group NV purchased a new position in Community Healthcare Trust in the second quarter valued at $74,000. Daiwa Securities Group Inc. increased its holdings in Community Healthcare Trust by 25.0% in the second quarter. Daiwa Securities Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 600 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Community Healthcare Trust by 521.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,147 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 3,480 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in Community Healthcare Trust in the second quarter valued at $210,000. 91.93% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the stock. Janney Montgomery Scott cut shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, July 10th. Zacks Investment Research cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.01.
Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.32). The company had revenue of $14.32 million for the quarter, compared to analysts’ expectations of $14.50 million. Community Healthcare Trust had a return on equity of 1.32% and a net margin of 6.91%. Analysts anticipate that Community Healthcare Trust Inc will post 1.67 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.412 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 3.75%. Community Healthcare Trust’s dividend payout ratio is currently 103.77%.
Community Healthcare Trust Profile
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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