Bank of America Corp DE Lowers Holdings in Community Healthcare Trust Inc (CHCT)

Bank of America Corp DE lowered its position in shares of Community Healthcare Trust Inc (NYSE:CHCT) by 68.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 37,499 shares of the real estate investment trust’s stock after selling 80,085 shares during the quarter. Bank of America Corp DE’s holdings in Community Healthcare Trust were worth $1,081,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synovus Financial Corp acquired a new stake in Community Healthcare Trust during the 4th quarter worth about $29,000. Advisor Group Inc. acquired a new stake in Community Healthcare Trust during the 4th quarter worth about $31,000. LS Investment Advisors LLC lifted its position in Community Healthcare Trust by 205.1% during the 4th quarter. LS Investment Advisors LLC now owns 1,739 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,169 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Community Healthcare Trust by 40.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,348 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 672 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in shares of Community Healthcare Trust during the 4th quarter valued at about $193,000. 84.01% of the stock is owned by institutional investors.

NYSE CHCT opened at $37.01 on Friday. The stock has a market cap of $698.01 million, a price-to-earnings ratio of 23.28 and a beta of 0.94. Community Healthcare Trust Inc has a fifty-two week low of $25.33 and a fifty-two week high of $37.62.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). The company had revenue of $13.44 million for the quarter, compared to analysts’ expectations of $13.73 million. Community Healthcare Trust had a net margin of 7.86% and a return on equity of 1.45%. As a group, equities research analysts expect that Community Healthcare Trust Inc will post 1.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Thursday, May 16th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.41. Community Healthcare Trust’s payout ratio is currently 102.52%.

In related news, CAO Leigh Ann Stach sold 7,500 shares of Community Healthcare Trust stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $33.59, for a total value of $251,925.00. Following the completion of the transaction, the chief accounting officer now owns 127,009 shares in the company, valued at approximately $4,266,232.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.70% of the stock is owned by insiders.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Berenberg Bank assumed coverage on Community Healthcare Trust in a research note on Tuesday, April 23rd. They set a “buy” rating and a $41.00 price objective for the company. Robert W. Baird assumed coverage on Community Healthcare Trust in a research note on Tuesday, April 9th. They set an “outperform” rating and a $35.05 price objective for the company. Sandler O’Neill lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Finally, ValuEngine lowered Community Healthcare Trust from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Community Healthcare Trust presently has an average rating of “Hold” and an average price target of $36.84.

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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 non-urban markets throughout the United States. The Company had investments of approximately $444.9 million in 103 real estate properties as of December 31, 2018, located in 29 states, totaling approximately 2.2 million square feet.

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

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