B. Riley Wealth Advisors Inc. Invests $243,000 in Community Healthcare Trust Incorporated (NYSE:CHCT)

B. Riley Wealth Advisors Inc. bought a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,370 shares of the real estate investment trust’s stock, valued at approximately $243,000.

Several other institutional investors have also modified their holdings of the stock. Lazard Asset Management LLC acquired a new stake in shares of Community Healthcare Trust during the first quarter worth about $34,000. PNC Financial Services Group Inc. grew its stake in Community Healthcare Trust by 67.9% during 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 buying an additional 3,260 shares during the last quarter. Hancock Whitney Corp acquired a new position 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% in the second quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 3,630 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its stake in Community Healthcare Trust by 48.0% in the fourth quarter. Quadrature Capital Ltd now owns 10,430 shares of the real estate investment trust’s stock valued at $278,000 after buying 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 2.2 %

Shares of CHCT opened at $16.52 on Wednesday. Community Healthcare Trust Incorporated has a twelve month low of $15.06 and a twelve month high of $29.55. The firm has a market capitalization of $457.62 million, a PE ratio of 25.81, a P/E/G ratio of 1.19 and a beta of 0.69. The stock’s 50 day moving average is $18.01 and its two-hundred day moving average is $22.26.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued 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 yield of 11.20%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio (DPR) is 289.06%.

Wall Street Analysts Forecast Growth

CHCT has been the topic of a number of recent research reports. StockNews.com cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Piper Sandler dropped 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 note on Monday, September 9th. Truist Financial reduced their target price on shares of 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 lowered 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, Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price objective for the company from $21.00 to $18.00 in a research note on Monday, September 16th. One investment 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, Community Healthcare Trust presently has a consensus rating of “Hold” and an average price target of $20.75.

Insiders Place Their Bets

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

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).