Community Healthcare Trust Incorporated (NYSE:CHCT) Sees Significant Increase in Short Interest

Community Healthcare Trust Incorporated (NYSE:CHCT) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 567,300 shares, a growth of 10.2% from the June 30th total of 514,600 shares. Based on an average trading volume of 184,500 shares, the days-to-cover ratio is presently 3.1 days.

Analyst Upgrades and Downgrades

CHCT has been the subject of a number of analyst reports. Piper Sandler reiterated a “neutral” rating and set a $26.00 target price (down from $36.00) on shares of Community Healthcare Trust in a report on Wednesday, May 1st. Truist Financial reduced their target price on Community Healthcare Trust from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. Finally, Evercore ISI cut their price target on shares of Community Healthcare Trust from $29.00 to $27.00 and set an “in-line” rating on the stock in a report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Community Healthcare Trust currently has a consensus rating of “Hold” and a consensus price target of $27.67.

Community Healthcare Trust Trading Up 0.1 %

Community Healthcare Trust stock traded up $0.04 on Tuesday, hitting $26.86. 8,462 shares of the stock traded hands, compared to its average volume of 182,681. The business’s fifty day simple moving average is $23.95 and its 200 day simple moving average is $25.24. The firm has a market cap of $744.02 million, a P/E ratio of 41.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.68. Community Healthcare Trust has a 1 year low of $22.03 and a 1 year high of $36.71.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 6.89%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, August 9th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 287.50%.

Institutional Trading of Community Healthcare Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System bought a new stake in Community Healthcare Trust in the first quarter worth $933,000. Russell Investments Group Ltd. grew its position in 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 purchasing an additional 79,421 shares during the last quarter. Strs Ohio raised its holdings in Community Healthcare Trust by 28.3% in the fourth quarter. Strs Ohio now owns 169,196 shares of the real estate investment trust’s stock worth $4,507,000 after buying an additional 37,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Community Healthcare Trust by 22.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,356 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 2,474 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Community Healthcare Trust by 0.6% in 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 buying an additional 17,877 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

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).