Pensionfund Sabic Invests $218,000 in Community Healthcare Trust Incorporated (NYSE:CHCT)

Pensionfund Sabic bought a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,000 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. raised its position in shares of Community Healthcare Trust by 27.8% during the 1st quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock valued at $9,687,000 after buying an additional 79,421 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Community Healthcare Trust during the first quarter worth about $933,000. Systematic Financial Management LP lifted its stake in Community Healthcare Trust by 8.0% during the second quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock worth $17,525,000 after purchasing an additional 55,558 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Community Healthcare Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock worth $78,373,000 after purchasing an additional 53,282 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its position in shares of Community Healthcare Trust by 15.5% during the 2nd quarter. Peregrine Capital Management LLC now owns 246,109 shares of the real estate investment trust’s stock valued at $5,756,000 after purchasing an additional 33,008 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Community Healthcare Trust

In other Community Healthcare Trust news, CEO David H. Dupuy acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the transaction, the chief executive officer now owns 363,565 shares in the company, valued at $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert Z. Hensley purchased 6,500 shares of Community Healthcare Trust stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the completion of the transaction, the director now directly owns 70,670 shares of the company’s stock, valued at $1,378,065. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David H. Dupuy purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $19.48 per share, with a total value of $194,800.00. Following the completion of the purchase, the chief executive officer now owns 363,565 shares of the company’s stock, valued at $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CHCT has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Truist Financial lowered their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. StockNews.com lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and lowered their price target for the stock from $21.00 to $18.00 in a research note on Monday, September 16th. Finally, Piper Sandler reduced their price objective on Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.75.

Community Healthcare Trust Stock Down 1.7 %

Shares of NYSE CHCT opened at $16.06 on Friday. The firm’s fifty day moving average is $17.81 and its 200 day moving average is $22.17. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $29.55. The company has a market cap of $444.88 million, a price-to-earnings ratio of 25.09, a PEG ratio of 1.19 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 11.52%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, August 9th. Community Healthcare Trust’s dividend payout ratio is 289.06%.

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).