Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Bought by Algert Global LLC

Algert Global LLC grew its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 131.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,883 shares of the real estate investment trust’s stock after acquiring an additional 10,160 shares during the quarter. Algert Global LLC owned about 0.06% of Community Healthcare Trust worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHCT. Sumitomo Mitsui Trust Holdings Inc. grew its position in Community Healthcare Trust by 1.8% during 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 last quarter. American Century Companies Inc. increased its position in Community Healthcare Trust by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 552 shares during the period. Illinois Municipal Retirement Fund increased its position in Community Healthcare Trust by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,703 shares of the real estate investment trust’s stock valued at $390,000 after acquiring an additional 558 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Community Healthcare Trust by 5.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust’s stock valued at $444,000 after acquiring an additional 919 shares during the last quarter. Finally, TBH Global Asset Management LLC lifted its position in Community Healthcare Trust by 4.8% during the 1st quarter. TBH Global Asset Management LLC now owns 23,832 shares of the real estate investment trust’s stock worth $633,000 after acquiring an additional 1,100 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Community Healthcare Trust

In other news, CEO David H. Dupuy acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $19.48 per share, with a total value of $194,800.00. Following the purchase, the chief executive officer now directly owns 363,565 shares of the company’s stock, valued at approximately $7,082,246.20. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In other Community Healthcare Trust news, CEO David H. Dupuy bought 10,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was purchased 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 of the company’s stock, valued at $7,082,246.20. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Z. Hensley purchased 6,500 shares of Community Healthcare Trust stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $19.50 per share, for a total transaction of $126,750.00. Following the acquisition, the director now directly owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CHCT. Piper Sandler cut their price target 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. 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 research note on Monday, September 16th. Truist Financial dropped their price target on shares of 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. Robert W. Baird reduced their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Finally, StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.75.

Community Healthcare Trust Stock Down 0.3 %

Shares of CHCT opened at $16.90 on Tuesday. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $29.55. The company has a 50-day simple moving average of $18.23 and a 200-day simple moving average of $22.32. The company has a market capitalization of $468.15 million, a PE ratio of 26.41, a P/E/G ratio of 1.19 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 10.95%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, August 9th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 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).