Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT – Get Rating) by 8.8% in the fourth quarter, Holdings Channel reports. The firm owned 7,178 shares of the real estate investment trust’s stock after selling 690 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Community Healthcare Trust were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. US Bancorp DE grew its stake in shares of Community Healthcare Trust by 284.0% during the 3rd quarter. US Bancorp DE now owns 649 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 480 shares during the period. Ahrens Investment Partners LLC bought a new position in shares of Community Healthcare Trust during the 4th quarter worth $33,000. Van ECK Associates Corp grew its stake in shares of Community Healthcare Trust by 68.8% during the 4th quarter. Van ECK Associates Corp now owns 1,859 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 758 shares during the period. Victory Capital Management Inc. bought a new position in shares of Community Healthcare Trust during the 3rd quarter worth $160,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Community Healthcare Trust during the 4th quarter worth $174,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Several research firms have recently weighed in on CHCT. B. Riley cut their price target on Community Healthcare Trust from $52.00 to $50.00 in a research note on Thursday, February 17th. Zacks Investment Research downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 17th. Finally, StockNews.com initiated coverage on Community Healthcare Trust in a report on Thursday, March 31st. They set a “hold” rating on the stock.
Community Healthcare Trust (NYSE:CHCT – Get Rating) last issued its quarterly earnings data on Monday, February 14th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Community Healthcare Trust had a return on equity of 4.91% and a net margin of 24.83%. During the same period in the previous year, the firm posted $0.53 EPS. As a group, research analysts predict that Community Healthcare Trust Incorporated will post 2.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Investors of record on Tuesday, February 22nd were issued a dividend of $0.438 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, February 18th. This represents a $1.75 dividend on an annualized basis and a yield of 4.44%. Community Healthcare Trust’s dividend payout ratio is 203.49%.
Community Healthcare Trust Profile (Get Rating)
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 our target sub-markets throughout the United States. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.
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