Charles Schwab Investment Management Inc. Has $6.93 Million Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Charles Schwab Investment Management Inc. raised its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 58.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 360,532 shares of the real estate investment trust’s stock after purchasing an additional 133,482 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Community Healthcare Trust were worth $6,926,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in Community Healthcare Trust by 11.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 840 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Community Healthcare Trust during the third quarter worth $198,000. Point72 DIFC Ltd bought a new stake in shares of Community Healthcare Trust in the third quarter valued at about $201,000. SG Americas Securities LLC boosted its position in shares of Community Healthcare Trust by 10.5% in the fourth quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 1,021 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Community Healthcare Trust during the third quarter worth about $212,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial upped their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. StockNews.com raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.25.

Community Healthcare Trust Stock Down 1.6 %

Shares of NYSE CHCT opened at $18.14 on Monday. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $27.62. The business has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $18.43. The company has a market cap of $514.01 million, a P/E ratio of -78.86, a P/E/G ratio of 1.28 and a beta of 0.75.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. The firm had revenue of $29.30 million during the quarter, compared to the consensus estimate of $29.85 million. Equities research analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a $0.4675 dividend. This represents a $1.87 annualized dividend and a yield of 10.31%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 24th. Community Healthcare Trust’s payout ratio is -813.04%.

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.