Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Purchased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC grew its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 4.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,796 shares of the real estate investment trust’s stock after purchasing an additional 1,424 shares during the period. Anchor Capital Advisors LLC owned approximately 0.12% of Community Healthcare Trust worth $897,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CHCT. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Community Healthcare Trust by 1.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,755 shares of the real estate investment trust’s stock valued at $790,000 after buying an additional 527 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Community Healthcare Trust by 3.9% during the first quarter. Illinois Municipal Retirement Fund now owns 14,703 shares of the real estate investment trust’s stock worth $390,000 after purchasing an additional 558 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Community Healthcare Trust by 2.5% during the fourth quarter. State of Alaska Department of Revenue now owns 28,141 shares of the real estate investment trust’s stock worth $748,000 after purchasing an additional 689 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Community Healthcare Trust by 25.1% during the fourth quarter. Van ECK Associates Corp now owns 3,740 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 751 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Community Healthcare Trust by 8.9% during the fourth quarter. SG Americas Securities LLC now owns 12,418 shares of the real estate investment trust’s stock worth $331,000 after purchasing an additional 1,011 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CHCT shares. Evercore ISI dropped their price objective on 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. Piper Sandler reiterated a “neutral” rating and set a $26.00 target price (down previously from $36.00) on shares of Community Healthcare Trust in a research note on Wednesday, May 1st. Finally, Truist Financial reduced their price objective on shares of Community Healthcare Trust from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, June 17th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Community Healthcare Trust has an average rating of “Hold” and a consensus target price of $28.67.

Community Healthcare Trust Stock Up 1.6 %

Shares of CHCT traded up $0.40 during mid-day trading on Monday, reaching $25.58. 61,581 shares of the company’s stock were exchanged, compared to its average volume of 180,414. The company has a 50-day simple moving average of $23.47 and a two-hundred day simple moving average of $25.22. Community Healthcare Trust Incorporated has a 52-week low of $22.03 and a 52-week high of $36.72. The company has a market cap of $708.57 million, a price-to-earnings ratio of 39.34, a PEG ratio of 1.45 and a beta of 0.68.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a $0.46 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.84 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend was Thursday, May 9th. Community Healthcare Trust’s payout ratio is presently 287.50%.

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).