Nisa Investment Advisors LLC Sells 616 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Nisa Investment Advisors LLC reduced its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,439 shares of the real estate investment trust’s stock after selling 616 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Community Healthcare Trust were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Advisor Partners II LLC acquired a new position in Community Healthcare Trust during the 3rd quarter valued at about $208,000. Citigroup Inc. increased its holdings in shares of Community Healthcare Trust by 32.9% during the third quarter. Citigroup Inc. now owns 38,144 shares of the real estate investment trust’s stock valued at $1,133,000 after acquiring an additional 9,442 shares in the last quarter. Davis Selected Advisers raised its position in shares of Community Healthcare Trust by 55.9% in the 3rd quarter. Davis Selected Advisers now owns 163,400 shares of the real estate investment trust’s stock valued at $4,853,000 after purchasing an additional 58,570 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of Community Healthcare Trust in the 3rd quarter valued at approximately $430,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Community Healthcare Trust by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,316 shares of the real estate investment trust’s stock worth $5,771,000 after purchasing an additional 6,488 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Community Healthcare Trust Trading Up 0.9 %

Shares of NYSE CHCT opened at $25.19 on Friday. The stock has a market cap of $697.37 million, a price-to-earnings ratio of 119.93, a PEG ratio of 1.32 and a beta of 0.65. Community Healthcare Trust Incorporated has a 12 month low of $24.50 and a 12 month high of $37.15. The company has a 50 day simple moving average of $26.43 and a two-hundred day simple moving average of $26.81.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were given a dividend of $0.458 per share. The ex-dividend date was Friday, February 16th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.83 dividend on an annualized basis and a yield of 7.27%. Community Healthcare Trust’s payout ratio is currently 871.43%.

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).