International Assets Investment Management LLC Makes New $497,000 Investment in Community Healthcare Trust Incorporated (NYSE:CHCT)

International Assets Investment Management LLC purchased a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the fourth quarter, HoldingsChannel reports. The firm purchased 18,648 shares of the real estate investment trust’s stock, valued at approximately $497,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Community Healthcare Trust by 0.6% during the third quarter. Vanguard Group Inc. now owns 2,874,455 shares of the real estate investment trust’s stock worth $85,371,000 after acquiring an additional 17,877 shares during the period. Kennedy Capital Management LLC boosted its holdings in shares of Community Healthcare Trust by 0.8% during the third quarter. Kennedy Capital Management LLC now owns 515,038 shares of the real estate investment trust’s stock worth $15,297,000 after acquiring an additional 4,265 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Community Healthcare Trust by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 194,316 shares of the real estate investment trust’s stock worth $5,771,000 after acquiring an additional 6,488 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Community Healthcare Trust during the third quarter worth approximately $5,598,000. Finally, Manning & Napier Group LLC boosted its holdings in shares of Community Healthcare Trust by 17.2% during the third quarter. Manning & Napier Group LLC now owns 171,249 shares of the real estate investment trust’s stock worth $5,086,000 after acquiring an additional 25,136 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

NYSE CHCT opened at $25.65 on Friday. The business has a fifty day moving average price of $26.32 and a two-hundred day moving average price of $26.72. Community Healthcare Trust Incorporated has a fifty-two week low of $24.50 and a fifty-two week high of $37.15. The stock has a market capitalization of $710.25 million, a PE ratio of 122.14, a PEG ratio of 1.39 and a beta of 0.65.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.458 per share. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.83 annualized dividend and a yield of 7.14%. Community Healthcare Trust’s dividend payout ratio is presently 871.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Truist Financial reduced their price objective on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Piper Sandler reduced their price objective on Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Finally, Evercore ISI cut 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 note on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and a consensus 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).