Deprince Race & Zollo Inc. Decreases Position in Community Healthcare Trust Incorporated $CHCT

Deprince Race & Zollo Inc. trimmed its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 20.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 388,614 shares of the real estate investment trust’s stock after selling 100,458 shares during the period. Deprince Race & Zollo Inc. owned approximately 1.36% of Community Healthcare Trust worth $6,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Albert D Mason Inc. increased its position in Community Healthcare Trust by 2.7% during the fourth quarter. Albert D Mason Inc. now owns 25,893 shares of the real estate investment trust’s stock valued at $425,000 after acquiring an additional 671 shares during the last quarter. Davis Selected Advisers raised its position in Community Healthcare Trust by 0.3% in the 3rd quarter. Davis Selected Advisers now owns 333,190 shares of the real estate investment trust’s stock worth $5,098,000 after purchasing an additional 910 shares during the period. Versor Investments LP lifted its stake in Community Healthcare Trust by 7.9% in the fourth quarter. Versor Investments LP now owns 12,800 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 935 shares during the last quarter. Connors Investor Services Inc. lifted its stake in Community Healthcare Trust by 13.0% in the third quarter. Connors Investor Services Inc. now owns 12,763 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,469 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Community Healthcare Trust by 13.5% during the third quarter. Creative Planning now owns 13,345 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 1,589 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

Shares of CHCT opened at $18.32 on Friday. The firm has a market capitalization of $523.37 million, a price-to-earnings ratio of 166.55 and a beta of 0.71. Community Healthcare Trust Incorporated has a 1-year low of $13.23 and a 1-year high of $18.67. The company has a 50-day moving average of $17.54 and a 200 day moving average of $17.02.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.03 million. Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%. On average, equities analysts anticipate that Community Healthcare Trust Incorporated will post 1.86 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 10.5%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, May 11th. Community Healthcare Trust’s payout ratio is currently 1,745.45%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CHCT shares. Truist Financial increased their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Wall Street Zen cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.33.

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.