Public Sector Pension Investment Board Increases Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Public Sector Pension Investment Board grew its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,842 shares of the real estate investment trust’s stock after buying an additional 4,160 shares during the quarter. Public Sector Pension Investment Board owned 0.19% of Community Healthcare Trust worth $1,259,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CHCT. Charles Schwab Investment Management Inc. raised its position in shares of Community Healthcare Trust by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 203,827 shares of the real estate investment trust’s stock valued at $5,430,000 after buying an additional 9,511 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Community Healthcare Trust by 67.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 3,260 shares during the period. Quadrature Capital Ltd raised its position in Community Healthcare Trust by 48.0% in the 4th quarter. Quadrature Capital Ltd now owns 10,430 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 3,385 shares during the period. Cox Capital Mgt LLC raised its position in Community Healthcare Trust by 81.8% in the 1st quarter. Cox Capital Mgt LLC now owns 52,111 shares of the real estate investment trust’s stock worth $1,384,000 after purchasing an additional 23,442 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Community Healthcare Trust by 1.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,755 shares of the real estate investment trust’s stock worth $790,000 after purchasing an additional 527 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHCT. StockNews.com lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Piper Sandler reduced their price objective on shares of Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Robert W. Baird reduced their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Truist Financial reduced their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Evercore ISI raised 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 research report on Monday, September 16th. 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 stock. Based on data from MarketBeat, Community Healthcare Trust currently has a consensus rating of “Hold” and a consensus target price of $20.75.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT opened at $17.88 on Wednesday. The firm has a market cap of $495.16 million, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. The firm’s 50 day simple moving average is $18.98 and its 200-day simple moving average is $22.59. Community Healthcare Trust Incorporated has a one year low of $15.06 and a one year high of $29.68.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 10.35%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, August 9th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 289.06%.

Insider Activity at Community Healthcare Trust

In other Community Healthcare Trust news, CEO David H. Dupuy acquired 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer now directly 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 link. In other Community Healthcare Trust news, CEO David H. Dupuy acquired 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer now directly 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 link. Also, Director Robert Z. Hensley acquired 6,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $19.50 per share, for a total transaction of $126,750.00. Following the completion of the acquisition, the director now owns 70,670 shares of the company’s stock, valued at $1,378,065. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by corporate insiders.

About Community Healthcare Trust

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).