New York State Teachers Retirement System Acquires 1,236 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

New York State Teachers Retirement System increased its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 2.4% in the 4th quarter, HoldingsChannel reports. The firm owned 53,126 shares of the real estate investment trust’s stock after acquiring an additional 1,236 shares during the period. New York State Teachers Retirement System’s holdings in Community Healthcare Trust were worth $1,415,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new position in shares of Community Healthcare Trust during the second quarter valued at about $27,000. Tower Research Capital LLC TRC increased its position in Community Healthcare Trust by 196.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,794 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,189 shares in the last quarter. Osaic Holdings Inc. raised its stake in Community Healthcare Trust by 28.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,253 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 499 shares during the period. Captrust Financial Advisors acquired a new position in Community Healthcare Trust during the 2nd quarter worth approximately $78,000. Finally, Qube Research & Technologies Ltd bought a new position in Community Healthcare Trust in the third quarter worth approximately $89,000. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Trading Up 0.9 %

CHCT stock opened at $24.96 on Thursday. The stock has a market cap of $691.14 million, a P/E ratio of 118.86, a P/E/G ratio of 1.33 and a beta of 0.65. The stock’s fifty day simple moving average is $26.43 and its two-hundred day simple moving average is $26.82. Community Healthcare Trust Incorporated has a 1-year low of $24.50 and a 1-year high of $37.15.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were paid a $0.458 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 7.34%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 16th. Community Healthcare Trust’s payout ratio is presently 871.43%.

Wall Street Analyst Weigh In

CHCT has been the topic of a number of research reports. Truist Financial lowered their target price on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Evercore ISI dropped their price objective on shares of Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating on the stock in a research note on Tuesday. Finally, Piper Sandler reduced their price objective on shares of Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.67.

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).