Russell Investments Group Ltd. Reduces Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Russell Investments Group Ltd. decreased its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 285,423 shares of the real estate investment trust’s stock after selling 46,480 shares during the quarter. Russell Investments Group Ltd.’s holdings in Community Healthcare Trust were worth $7,604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHCT. MQS Management LLC purchased a new stake in Community Healthcare Trust in the third quarter worth $204,000. Advisor Partners II LLC purchased a new stake in Community Healthcare Trust in the 3rd quarter valued at about $208,000. UniSuper Management Pty Ltd grew its stake in 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 acquiring an additional 600 shares in the last quarter. Connors Investor Services Inc. increased its position in shares of Community Healthcare Trust by 22.7% during the third quarter. Connors Investor Services Inc. now owns 8,100 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 1,500 shares during the period. Finally, Inspire Investing LLC bought a new stake in shares of Community Healthcare Trust during the third quarter valued at approximately $312,000. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Trading Up 0.7 %

Shares of NYSE CHCT opened at $24.59 on Wednesday. Community Healthcare Trust Incorporated has a 12-month low of $24.21 and a 12-month high of $36.74. The stock’s fifty day simple moving average is $26.02 and its two-hundred day simple moving average is $26.50. The stock has a market capitalization of $681.14 million, a PE ratio of 38.42, a price-to-earnings-growth ratio of 1.39 and a beta of 0.64.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 7.48%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, May 9th. Community Healthcare Trust’s dividend payout ratio is presently 285.94%.

Analyst Upgrades and Downgrades

Several research firms have commented on CHCT. Truist Financial reduced their price objective 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 restated a “neutral” rating and issued a $26.00 price objective (down from $36.00) on shares of Community Healthcare Trust in a report on Wednesday, May 1st. Finally, Evercore ISI dropped their target price on shares of Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.33.

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).