State Board of Administration of Florida Retirement System grew its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT – Get Rating) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,149 shares of the real estate investment trust’s stock after purchasing an additional 1,195 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.14% of Community Healthcare Trust worth $1,258,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Community Healthcare Trust by 11.6% during the first quarter. State Street Corp now owns 1,502,304 shares of the real estate investment trust’s stock worth $63,412,000 after acquiring an additional 156,449 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Community Healthcare Trust by 31.5% during the third quarter. Prudential Financial Inc. now owns 612,881 shares of the real estate investment trust’s stock worth $20,071,000 after acquiring an additional 146,750 shares during the last quarter. Manning & Napier Group LLC increased its position in shares of Community Healthcare Trust by 79.4% during the fourth quarter. Manning & Napier Group LLC now owns 212,346 shares of the real estate investment trust’s stock worth $7,602,000 after acquiring an additional 93,982 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Community Healthcare Trust by 405.7% during the first quarter. Renaissance Technologies LLC now owns 106,700 shares of the real estate investment trust’s stock worth $4,504,000 after acquiring an additional 85,600 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Community Healthcare Trust by 3.1% in the first quarter. Vanguard Group Inc. now owns 2,878,051 shares of the real estate investment trust’s stock valued at $121,483,000 after buying an additional 85,404 shares during the last quarter. Institutional investors and hedge funds own 87.68% of the company’s stock.
Wall Street Analyst Weigh In
CHCT has been the subject of several research analyst reports. StockNews.com initiated coverage on Community Healthcare Trust in a report on Thursday, March 16th. They issued a “hold” rating for the company. Piper Sandler boosted their price objective on Community Healthcare Trust from $41.00 to $45.00 in a report on Tuesday, January 17th. Truist Financial lifted their target price on Community Healthcare Trust from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 17th. TheStreet downgraded Community Healthcare Trust from a “b-” rating to a “c” rating in a research note on Wednesday, May 3rd. Finally, Robert W. Baird lifted their target price on Community Healthcare Trust from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Community Healthcare Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.
Insiders Place Their Bets
Community Healthcare Trust Trading Up 0.1 %
Shares of NYSE CHCT opened at $35.35 on Tuesday. The stock has a 50 day simple moving average of $35.94 and a 200-day simple moving average of $37.03. The company has a market cap of $929.85 million, a PE ratio of 121.90, a P/E/G ratio of 1.49 and a beta of 0.74. Community Healthcare Trust Incorporated has a 12-month low of $30.38 and a 12-month high of $43.88.
Community Healthcare Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.09%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, May 11th. Community Healthcare Trust’s dividend payout ratio is 620.69%.
About Community Healthcare Trust
Community Healthcare Trust, Inc engages in the acquisition of real estate properties that are leased to hospitals, doctors, healthcare systems, and other healthcare services providers. It invests in healthcare properties including outpatient treatment and diagnostic facilities, urgent care centers, acute care hospitals, ambulatory surgery centers, assisted living and long-term care facilities, medical office buildings, clinics, specialty hospitals and treatment centers.
- Get a free copy of the StockNews.com research report on Community Healthcare Trust (CHCT)
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