JPMorgan Chase & Co. Increases Stock Holdings in Community Healthcare Trust Incorporated $CHCT

JPMorgan Chase & Co. grew its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 49.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 438,417 shares of the real estate investment trust’s stock after purchasing an additional 145,834 shares during the period. JPMorgan Chase & Co. owned approximately 1.54% of Community Healthcare Trust worth $6,708,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Community Healthcare Trust by 667.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock worth $5,809,000 after buying an additional 330,203 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Community Healthcare Trust by 66.0% in the third quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock valued at $12,339,000 after buying an additional 320,546 shares in the last quarter. Invesco Ltd. grew its holdings in Community Healthcare Trust by 38.9% during the third quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock worth $16,221,000 after acquiring an additional 297,179 shares during the period. AQR Capital Management LLC grew its holdings in Community Healthcare Trust by 400.9% during the second quarter. AQR Capital Management LLC now owns 218,822 shares of the real estate investment trust’s stock worth $3,639,000 after acquiring an additional 175,133 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its position in Community Healthcare Trust by 211.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 180,818 shares of the real estate investment trust’s stock worth $2,767,000 after acquiring an additional 122,794 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

CHCT has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 18th. Truist Financial reduced their price objective on shares of Community Healthcare Trust from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Piper Sandler boosted their price objective on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Zacks Research lowered shares of Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Evercore set a $17.00 price target on shares of Community Healthcare Trust in a research report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.00.

Community Healthcare Trust Trading Up 1.1%

Shares of CHCT opened at $15.88 on Wednesday. The company has a 50-day moving average of $16.89 and a two-hundred day moving average of $15.84. The stock has a market cap of $453.69 million, a P/E ratio of 226.88 and a beta of 0.74. Community Healthcare Trust Incorporated has a 12-month low of $13.23 and a 12-month high of $18.42.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, February 17th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The company had revenue of $30.95 million during the quarter, compared to analysts’ expectations of $31.33 million. Community Healthcare Trust had a net margin of 4.21% and a return on equity of 1.16%. As a group, analysts forecast that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were paid a dividend of $0.4775 per share. The ex-dividend date of this dividend was Monday, February 23rd. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.48. This represents a $1.91 dividend on an annualized basis and a dividend yield of 12.0%. Community Healthcare Trust’s dividend payout ratio is 2,728.57%.

Community Healthcare Trust Profile

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.