B. Riley Wealth Advisors Inc. Acquires 7,431 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

B. Riley Wealth Advisors Inc. grew its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 71.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,801 shares of the real estate investment trust’s stock after acquiring an additional 7,431 shares during the period. B. Riley Wealth Advisors Inc. owned 0.06% of Community Healthcare Trust worth $323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. raised its holdings in Community Healthcare Trust by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 552 shares during the period. 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 in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 840 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Community Healthcare Trust by 5.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 1,041 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Community Healthcare Trust by 3.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,739 shares of the real estate investment trust’s stock valued at $649,000 after acquiring an additional 1,082 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

Community Healthcare Trust stock opened at $18.32 on Friday. The firm’s 50 day moving average price is $18.29 and its 200-day moving average price is $19.90. Community Healthcare Trust Incorporated has a 1 year low of $15.06 and a 1 year high of $28.10. The stock has a market cap of $517.39 million, a P/E ratio of -203.56, a PEG ratio of 1.24 and a beta of 0.68.

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

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.465 per share. The ex-dividend date was Friday, November 8th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 dividend on an annualized basis and a yield of 10.15%. Community Healthcare Trust’s dividend payout ratio is presently -2,066.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Truist Financial raised their target price on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Piper Sandler upped their target price on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and decreased their price target for the company from $21.00 to $18.00 in a report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Profile

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.