B. Riley Wealth Advisors Inc. Buys 7,431 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

B. Riley Wealth Advisors Inc. increased its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 71.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,801 shares of the real estate investment trust’s stock after purchasing an additional 7,431 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Community Healthcare Trust were worth $323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in Community Healthcare Trust by 1,395.6% in the third quarter. Jane Street Group LLC now owns 492,063 shares of the real estate investment trust’s stock worth $8,931,000 after purchasing an additional 459,163 shares during the last quarter. Phocas Financial Corp. purchased a new stake in shares of Community Healthcare Trust in the third quarter worth approximately $3,689,000. Systematic Financial Management LP lifted its stake in shares of Community Healthcare Trust by 25.0% during the 3rd quarter. Systematic Financial Management LP now owns 936,753 shares of the real estate investment trust’s stock worth $17,002,000 after acquiring an additional 187,510 shares during the last quarter. Graham Capital Wealth Management LLC purchased a new position in Community Healthcare Trust during the 3rd quarter valued at $2,650,000. Finally, Algert Global LLC grew its position in Community Healthcare Trust by 534.3% in the 3rd quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust’s stock valued at $2,059,000 after acquiring an additional 95,557 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and decreased their target price for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Truist Financial raised their target price on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Piper Sandler lifted their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Price Performance

CHCT stock opened at $18.32 on Friday. Community Healthcare Trust Incorporated has a 1-year low of $15.06 and a 1-year high of $28.10. The business has a 50-day moving average price of $18.29 and a 200 day moving average price of $19.90. The company has a market capitalization of $517.39 million, a P/E ratio of -203.56, a PEG ratio of 1.24 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.39). Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The business had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. During the same quarter in the prior year, the firm posted $0.63 EPS. On average, analysts anticipate that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.465 per share. The ex-dividend date was Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a yield of 10.15%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio is currently -2,066.67%.

Community Healthcare Trust Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.