LDR Capital Management LLC Takes Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

LDR Capital Management LLC acquired a new stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the third quarter, Holdings Channel reports. The firm acquired 34,720 shares of the real estate investment trust’s stock, valued at approximately $630,000. Community Healthcare Trust comprises 0.7% of LDR Capital Management LLC’s investment portfolio, making the stock its 29th largest holding.

A number of other hedge funds have also made changes to their positions in CHCT. Janus Henderson Group PLC grew its position in Community Healthcare Trust by 5,664.3% in the first quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock worth $15,676,000 after buying an additional 580,199 shares during the last quarter. Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Community Healthcare Trust during the 1st quarter valued at $7,835,000. Russell Investments Group Ltd. boosted its stake in shares of Community Healthcare Trust by 27.8% during the 1st quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock valued at $9,687,000 after buying an additional 79,421 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of Community Healthcare Trust by 18.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust’s stock valued at $10,028,000 after purchasing an additional 65,642 shares during the last quarter. Finally, Systematic Financial Management LP lifted its stake in shares of Community Healthcare Trust by 8.0% in the 2nd quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock valued at $17,525,000 after purchasing an additional 55,558 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

CHCT has been the topic of several recent analyst reports. Robert W. Baird dropped their target price on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their price objective for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Truist Financial dropped their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 30th. StockNews.com cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Finally, Piper Sandler lowered their target price on shares of Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Community Healthcare Trust has an average rating of “Hold” and a consensus target price of $20.75.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT opened at $17.43 on Tuesday. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $29.16. The company has a market capitalization of $482.83 million, a PE ratio of 27.23, a PEG ratio of 1.13 and a beta of 0.69. The company has a 50 day moving average price of $17.60 and a two-hundred day moving average price of $21.75.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.4625 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, August 9th. This represents a $1.85 annualized dividend and a yield of 10.61%. Community Healthcare Trust’s dividend payout ratio is presently 289.06%.

Insider Buying and Selling

In other news, CEO David H. Dupuy purchased 10,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the purchase, the chief executive officer now directly owns 363,565 shares in the company, valued at $7,082,246.20. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Community Healthcare Trust news, Director Robert Z. Hensley bought 6,500 shares of Community Healthcare Trust stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $19.50 per share, with a total value of $126,750.00. Following the acquisition, the director now directly owns 70,670 shares of the company’s stock, valued at $1,378,065. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David H. Dupuy bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the purchase, the chief executive officer now owns 363,565 shares of the company’s stock, valued at $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by corporate insiders.

Community Healthcare Trust Company 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.