Squarepoint Ops LLC Invests $418,000 in Community Healthcare Trust Incorporated (NYSE:CHCT)

Squarepoint Ops LLC bought a new stake 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 SEC. The institutional investor bought 17,879 shares of the real estate investment trust’s stock, valued at approximately $418,000. Squarepoint Ops LLC owned 0.06% of Community Healthcare Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lazard Asset Management LLC acquired a new stake in Community Healthcare Trust during the first quarter worth about $34,000. PNC Financial Services Group Inc. increased its position in shares of 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 valued at $215,000 after purchasing an additional 3,260 shares during the period. Hancock Whitney Corp acquired a new position in shares of Community Healthcare Trust in the first quarter valued at $217,000. SG Americas Securities LLC lifted its position 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 worth $214,000 after purchasing an additional 3,630 shares during the period. Finally, Quadrature Capital Ltd boosted 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 buying an additional 3,385 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

NYSE CHCT opened at $16.06 on Friday. The stock has a market capitalization of $444.88 million, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $29.55. The stock has a fifty day moving average of $17.81 and a 200-day moving average of $22.17.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 11.52%. 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 currently 289.06%.

Analyst Ratings Changes

Several equities analysts recently commented on CHCT shares. StockNews.com downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their price objective for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Robert W. Baird reduced their target price 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. Piper Sandler dropped their price target on Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Finally, Truist Financial reduced their price objective on 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.75.

Insider Buying and Selling at Community Healthcare Trust

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

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).