Nisa Investment Advisors LLC Reduces Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Nisa Investment Advisors LLC lowered its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 22.3% during the third quarter, Holdings Channel reports. The fund owned 8,155 shares of the real estate investment trust’s stock after selling 2,341 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Community Healthcare Trust were worth $148,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Lazard Asset Management LLC acquired a new position in shares of Community Healthcare Trust during the first quarter worth about $34,000. SG Americas Securities LLC increased its position in Community Healthcare Trust by 6.8% in the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 618 shares during the period. Hancock Whitney Corp acquired a new position in shares of Community Healthcare Trust during the first quarter valued at $217,000. Pensionfund Sabic bought a new position in shares of Community Healthcare Trust during the third quarter worth about $218,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Community Healthcare Trust in the 3rd quarter worth about $218,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Stock Up 0.7 %

Shares of CHCT stock opened at $18.98 on Friday. The company has a market cap of $535.85 million, a PE ratio of -210.83, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. Community Healthcare Trust Incorporated has a 12 month low of $15.06 and a 12 month high of $29.16. The business’s 50 day moving average is $17.41 and its two-hundred day moving average is $21.09.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The company had revenue of $29.64 million for the quarter, compared to the consensus estimate of $29.06 million. During the same period last year, the firm posted $0.63 EPS. As a group, equities analysts expect that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.465 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a yield of 9.80%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s payout ratio is presently -2,055.56%.

Analyst Ratings Changes

Several brokerages have weighed in on CHCT. Robert W. Baird cut their target price on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Truist Financial decreased their price target on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price target for the company from $21.00 to $18.00 in a research report on Monday, September 16th. Piper Sandler boosted their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, StockNews.com downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Community Healthcare Trust has a consensus rating of “Hold” and an average target price of $21.00.

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.