Community Healthcare Trust Incorporated $CHCT Position Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 211.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 180,818 shares of the real estate investment trust’s stock after buying an additional 122,794 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.64% of Community Healthcare Trust worth $2,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of Community Healthcare Trust by 111.9% in the 3rd quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,129 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Community Healthcare Trust in the 2nd quarter worth about $114,000. SG Americas Securities LLC acquired a new stake in Community Healthcare Trust during the 3rd quarter worth about $106,000. Ballentine Partners LLC purchased a new position in Community Healthcare Trust during the 2nd quarter valued at about $183,000. Finally, M&G PLC increased its holdings in shares of Community Healthcare Trust by 11.1% in the 2nd quarter. M&G PLC now owns 11,044 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 1,107 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

Shares of Community Healthcare Trust stock traded down $0.09 during trading on Wednesday, reaching $16.98. The company’s stock had a trading volume of 5,523 shares, compared to its average volume of 164,929. Community Healthcare Trust Incorporated has a one year low of $13.23 and a one year high of $20.49. The firm has a market cap of $483.42 million, a price-to-earnings ratio of -42.45 and a beta of 0.75. The business’s fifty day moving average price is $16.07 and its 200-day moving average price is $15.42.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Community Healthcare Trust had a negative return on equity of 1.66% and a negative net margin of 6.27%.The firm had revenue of $31.09 million for the quarter, compared to analyst estimates of $30.58 million. Sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Insider Transactions at Community Healthcare Trust

In related news, Director Cathrine Cotman bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $14.66 per share, with a total value of $58,640.00. Following the completion of the transaction, the director owned 37,635 shares of the company’s stock, valued at $551,729.10. The trade was a 11.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Zacks Research raised Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.50.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.