Hsbc Holdings PLC Increases Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Hsbc Holdings PLC raised its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 15.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,320 shares of the real estate investment trust’s stock after acquiring an additional 2,673 shares during the period. Hsbc Holdings PLC owned approximately 0.07% of Community Healthcare Trust worth $474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CHCT. Russell Investments Group Ltd. raised its holdings in shares of Community Healthcare Trust by 27.8% in the 1st quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock valued at $9,687,000 after buying an additional 79,421 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in Community Healthcare Trust during the first quarter worth about $933,000. Vanguard Group Inc. lifted its position in shares of Community Healthcare Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock worth $78,373,000 after purchasing an additional 53,282 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of 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 purchasing an additional 33,008 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Community Healthcare Trust in the first quarter valued at approximately $34,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Trading Down 1.5 %

Community Healthcare Trust stock opened at $17.88 on Wednesday. The company has a fifty day simple moving average of $18.98 and a 200-day simple moving average of $22.59. The stock has a market cap of $495.16 million, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $29.68.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 10.35%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, August 9th. Community Healthcare Trust’s payout ratio is 289.06%.

Insider Transactions at Community Healthcare Trust

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

Analyst Ratings Changes

CHCT has been the topic of a number of research reports. Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Truist Financial decreased their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Robert W. Baird cut their price target on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Piper Sandler decreased their price objective on Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.75.

Community Healthcare Trust 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).