Dimensional Fund Advisors LP Increases Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

Dimensional Fund Advisors LP grew its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 372,488 shares of the real estate investment trust’s stock after buying an additional 6,836 shares during the quarter. Dimensional Fund Advisors LP owned 1.34% of Community Healthcare Trust worth $8,712,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Lazard Asset Management LLC purchased a new stake in Community Healthcare Trust during the first quarter worth approximately $34,000. PNC Financial Services Group Inc. lifted its stake in Community Healthcare Trust by 67.9% during the fourth 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 last quarter. Hancock Whitney Corp purchased a new stake in Community Healthcare Trust during the first quarter worth approximately $217,000. SG Americas Securities LLC lifted its stake in Community Healthcare Trust by 65.7% during the second quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 3,630 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its stake in Community Healthcare Trust by 48.0% during the fourth 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 last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Trading Down 0.3 %

NYSE:CHCT opened at $16.90 on Tuesday. The firm has a market cap of $468.15 million, a P/E ratio of 26.41, a PEG ratio of 1.19 and a beta of 0.69. The stock’s 50 day simple moving average is $18.23 and its 200-day simple moving average is $22.32. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $29.55.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.4625 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 10.95%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s payout ratio is presently 289.06%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHCT. StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. 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 research report on Wednesday, July 31st. Piper Sandler cut their price target on 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. Truist Financial cut their price target on 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 Community Healthcare Trust from an “underperform” rating to an “inline” rating and cut their price target for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. One research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.75.

Insider Activity

In other Community Healthcare Trust news, Director Robert Z. Hensley acquired 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $19.50 per share, with a total value of $126,750.00. Following the completion of the acquisition, the director now directly owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Community Healthcare Trust news, Director Robert Z. Hensley acquired 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $19.50 per share, with a total value of $126,750.00. Following the completion of the acquisition, the director now directly owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David H. Dupuy acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired 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 directly owns 363,565 shares of the company’s stock, valued at $7,082,246.20. This trade 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.

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).