Rhumbline Advisers Raises Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Rhumbline Advisers lifted its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 7.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,998 shares of the real estate investment trust’s stock after buying an additional 5,197 shares during the period. Rhumbline Advisers owned about 0.26% of Community Healthcare Trust worth $1,684,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in Community Healthcare Trust by 27.8% during the first quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock valued at $9,687,000 after acquiring an additional 79,421 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in Community Healthcare Trust during the first quarter valued at approximately $933,000. Vanguard Group Inc. boosted its holdings in shares of Community Healthcare Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock valued at $78,373,000 after buying an additional 53,282 shares in the last quarter. Peregrine Capital Management LLC raised its stake in Community Healthcare Trust by 15.5% in the second quarter. Peregrine Capital Management LLC now owns 246,109 shares of the real estate investment trust’s stock valued at $5,756,000 after buying an additional 33,008 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Community Healthcare Trust by 1.6% during the 4th quarter. Principal Financial Group Inc. now owns 142,167 shares of the real estate investment trust’s stock worth $3,787,000 after purchasing an additional 2,206 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Community Healthcare Trust

In other Community Healthcare Trust news, CEO David H. Dupuy bought 10,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the transaction, the chief executive officer now directly owns 363,565 shares of the company’s stock, valued at approximately $7,082,246.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO David H. Dupuy acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the acquisition, the chief executive officer now owns 363,565 shares in the company, valued at approximately $7,082,246.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Z. Hensley bought 6,500 shares of Community Healthcare Trust stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $19.50 per share, with a total value of $126,750.00. Following the acquisition, the director now directly owns 70,670 shares of the company’s stock, valued at $1,378,065. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CHCT shares. Truist Financial dropped their price target on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Piper Sandler cut their price target on shares of Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. StockNews.com lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their price objective for the company from $21.00 to $18.00 in a report on Monday, September 16th. Finally, Robert W. Baird reduced their target price on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued 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 target price of $20.75.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT opened at $16.42 on Friday. The stock has a market capitalization of $454.85 million, a price-to-earnings ratio of 25.66, a PEG ratio of 1.11 and a beta of 0.69. The firm’s 50 day simple moving average is $20.36 and its 200-day simple moving average is $23.17. Community Healthcare Trust Incorporated has a 12 month low of $15.06 and a 12 month high of $31.76.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.4625 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 11.27%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio is 289.06%.

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 our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).