Community Healthcare Trust Incorporated $CHCT Holdings Cut by TBH Global Asset Management LLC

TBH Global Asset Management LLC cut its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 14.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,432 shares of the real estate investment trust’s stock after selling 3,000 shares during the quarter. TBH Global Asset Management LLC’s holdings in Community Healthcare Trust were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Anchor Investment Management LLC acquired a new position in Community Healthcare Trust during the 1st quarter valued at approximately $38,000. GAMMA Investing LLC lifted its stake in Community Healthcare Trust by 2,866.5% in the first quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 6,335 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Community Healthcare Trust by 50.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,002 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 3,009 shares during the last quarter. Arrow Investment Advisors LLC acquired a new position in shares of Community Healthcare Trust during the second quarter valued at $168,000. Finally, Resona Asset Management Co. Ltd. grew its position in shares of 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 worth $199,000 after acquiring an additional 822 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on CHCT. Zacks Research raised shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 3rd. Piper Sandler reiterated an “overweight” rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Finally, Truist Financial decreased their price objective on Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT opened at $15.05 on Monday. The company has a market cap of $426.97 million, a PE ratio of -38.59 and a beta of 0.69. The firm has a 50 day simple moving average of $15.35 and a 200 day simple moving average of $16.28. Community Healthcare Trust Incorporated has a 52 week low of $14.20 and a 52 week high of $20.87.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.04). Community Healthcare Trust had a negative net margin of 6.25% and a negative return on equity of 1.59%. The company had revenue of $30.13 million during the quarter, compared to analyst estimates of $30.22 million. On average, equities analysts predict that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.4725 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.89 dividend on an annualized basis and a yield of 12.6%. The ex-dividend date was Friday, August 8th. Community Healthcare Trust’s dividend payout ratio is currently -484.62%.

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.