Rhumbline Advisers Buys 1,635 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Rhumbline Advisers grew its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 2.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 64,596 shares of the real estate investment trust’s stock after acquiring an additional 1,635 shares during the period. Rhumbline Advisers’ holdings in Community Healthcare Trust were worth $2,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its position in Community Healthcare Trust by 7.7% during the fourth quarter. BlackRock Inc. now owns 4,259,397 shares of the real estate investment trust’s stock worth $200,660,000 after acquiring an additional 306,245 shares during the period. Monarch Partners Asset Management LLC bought a new position in Community Healthcare Trust during the fourth quarter worth about $4,521,000. Price T Rowe Associates Inc. MD increased its position in Community Healthcare Trust by 16.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 623,319 shares of the real estate investment trust’s stock worth $29,365,000 after acquiring an additional 88,283 shares during the period. Wells Fargo & Company MN increased its position in Community Healthcare Trust by 12.5% during the fourth quarter. Wells Fargo & Company MN now owns 433,925 shares of the real estate investment trust’s stock worth $20,442,000 after acquiring an additional 48,330 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in Community Healthcare Trust during the first quarter worth about $1,843,000. 86.46% of the stock is currently owned by institutional investors.

NYSE:CHCT opened at $50.60 on Friday. Community Healthcare Trust Incorporated has a 52 week low of $38.12 and a 52 week high of $52.54. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 60.96, a price-to-earnings-growth ratio of 2.15 and a beta of 0.49. The business’s 50-day simple moving average is $48.88.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, May 4th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.33). Community Healthcare Trust had a return on equity of 4.84% and a net margin of 25.64%. Analysts anticipate that Community Healthcare Trust Incorporated will post 2.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Friday, May 14th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.40%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, May 13th. Community Healthcare Trust’s dividend payout ratio is presently 83.50%.

Community Healthcare Trust Company Profile

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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Institutional Ownership by Quarter for Community Healthcare Trust (NYSE:CHCT)

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