Hsbc Holdings PLC Raises Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Hsbc Holdings PLC increased its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 15.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,320 shares of the real estate investment trust’s stock after purchasing an additional 2,673 shares during the period. Hsbc Holdings PLC’s holdings in Community Healthcare Trust were worth $474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Community Healthcare Trust by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 372,488 shares of the real estate investment trust’s stock worth $8,712,000 after purchasing an additional 6,836 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Community Healthcare Trust in the 2nd quarter valued at about $744,000. American Century Companies Inc. increased its stake in shares of Community Healthcare Trust by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 552 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Community Healthcare Trust by 40.3% during the 2nd quarter. Texas Permanent School Fund Corp now owns 29,535 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 8,482 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Community Healthcare Trust during the 2nd quarter worth about $476,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Trading Down 1.5 %

Shares of NYSE CHCT opened at $17.88 on Wednesday. The stock has a fifty day moving average price of $18.98 and a 200 day moving average price of $22.59. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $29.68. The company has a market cap of $495.16 million, a P/E ratio of 27.93, a P/E/G ratio of 1.19 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.4625 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.85 annualized dividend and a dividend yield of 10.35%. The ex-dividend date was Friday, August 9th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 289.06%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CHCT shares. Robert W. Baird dropped their price target on shares of 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 dropped their price objective on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Piper Sandler reduced their target price on Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. StockNews.com lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Finally, Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price objective for the company from $21.00 to $18.00 in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Community Healthcare Trust has a consensus rating of “Hold” and an average price target of $20.75.

Insider Buying and Selling

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

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).