Sumitomo Mitsui Trust Holdings Inc. Acquires 2,948 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 11.2% in the 4th quarter, HoldingsChannel reports. The firm owned 29,228 shares of the real estate investment trust’s stock after buying an additional 2,948 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Community Healthcare Trust were worth $779,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MQS Management LLC purchased a new position in shares of Community Healthcare Trust in the 3rd quarter worth approximately $204,000. Advisor Partners II LLC purchased a new position in shares of Community Healthcare Trust in the 3rd quarter worth approximately $208,000. UniSuper Management Pty Ltd grew its position in shares of Community Healthcare Trust by 8.7% in the 3rd quarter. UniSuper Management Pty Ltd now owns 7,500 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 600 shares during the last quarter. Connors Investor Services Inc. grew its position in shares of Community Healthcare Trust by 22.7% in the 3rd quarter. Connors Investor Services Inc. now owns 8,100 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 1,500 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Community Healthcare Trust in the 3rd quarter worth approximately $312,000. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Evercore ISI cut 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 report on Tuesday, April 16th. Truist Financial dropped their target price on shares of 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, Piper Sandler dropped their target price on shares of Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Community Healthcare Trust presently has a consensus rating of “Hold” and a consensus target price of $33.67.

Community Healthcare Trust Trading Down 0.8 %

NYSE:CHCT opened at $25.65 on Friday. The company’s 50 day moving average is $26.32 and its two-hundred day moving average is $26.72. The company has a market cap of $710.25 million, a PE ratio of 122.14, a P/E/G ratio of 1.39 and a beta of 0.65. Community Healthcare Trust Incorporated has a twelve month low of $24.50 and a twelve month high of $37.15.

Community Healthcare Trust Increases Dividend

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

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).