Strs Ohio Buys 37,300 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Strs Ohio grew its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 28.3% during the 4th quarter, HoldingsChannel reports. The fund owned 169,196 shares of the real estate investment trust’s stock after purchasing an additional 37,300 shares during the quarter. Strs Ohio’s holdings in Community Healthcare Trust were worth $4,507,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CHCT. Bank of New York Mellon Corp boosted its holdings in Community Healthcare Trust by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 684,945 shares of the real estate investment trust’s stock worth $28,911,000 after acquiring an additional 8,921 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Community Healthcare Trust by 19.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,822 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 796 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Community Healthcare Trust by 528.2% during the first quarter. Bank of Montreal Can now owns 54,637 shares of the real estate investment trust’s stock valued at $2,309,000 after purchasing an additional 45,939 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Community Healthcare Trust by 53.8% during the first quarter. MetLife Investment Management LLC now owns 12,350 shares of the real estate investment trust’s stock valued at $521,000 after purchasing an additional 4,320 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Community Healthcare Trust by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,245 shares of the real estate investment trust’s stock valued at $855,000 after purchasing an additional 2,496 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Stock Performance

Community Healthcare Trust stock opened at $25.19 on Friday. The stock has a fifty day moving average of $26.43 and a 200 day moving average of $26.81. The stock has a market cap of $697.37 million, a PE ratio of 119.93, a price-to-earnings-growth ratio of 1.32 and a beta of 0.65. Community Healthcare Trust Incorporated has a one year low of $24.50 and a one year high of $37.15.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were given a $0.458 dividend. 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. This represents a $1.83 dividend on an annualized basis and a yield of 7.27%. Community Healthcare Trust’s dividend payout ratio is presently 871.43%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Truist Financial lowered their price target on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Piper Sandler lowered their price target on Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Finally, Evercore ISI reduced their price objective 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $33.67.

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).