Quest Partners LLC Acquires New Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Quest Partners LLC bought a new position in Community Healthcare Trust Incorporated (NYSE:CHCT) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 20,366 shares of the real estate investment trust’s stock, valued at approximately $476,000.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of 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 worth $790,000 after buying an additional 527 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in Community Healthcare Trust by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,703 shares of the real estate investment trust’s stock worth $390,000 after acquiring an additional 558 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Community Healthcare Trust by 5.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust’s stock worth $444,000 after acquiring an additional 919 shares during the last quarter. TBH Global Asset Management LLC boosted its holdings in Community Healthcare Trust by 4.8% during the first quarter. TBH Global Asset Management LLC now owns 23,832 shares of the real estate investment trust’s stock valued at $633,000 after acquiring an additional 1,100 shares during the period. Finally, Swiss National Bank grew its position in shares of Community Healthcare Trust by 2.6% in the first quarter. Swiss National Bank now owns 51,100 shares of the real estate investment trust’s stock valued at $1,357,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

Shares of CHCT stock opened at $16.54 on Friday. The firm has a fifty day moving average of $20.99 and a 200-day moving average of $23.51. The stock has a market cap of $458.17 million, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.12 and a beta of 0.69. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $33.09.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.4625 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.85 dividend on an annualized basis and a yield of 11.19%. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 289.06%.

Insider Buying and Selling at Community Healthcare Trust

In related news, CEO David H. Dupuy bought 10,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $19.48 per share, with a total value of $194,800.00. Following the acquisition, the chief executive officer now owns 363,565 shares in the company, valued at approximately $7,082,246.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David H. Dupuy acquired 10,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $19.48 per share, with a total value of $194,800.00. Following the completion of the acquisition, the chief executive officer now owns 363,565 shares in the company, valued at approximately $7,082,246.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Z. Hensley purchased 6,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired 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 owns 70,670 shares in the company, valued at $1,378,065. The disclosure for this purchase can be found here. Company insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

CHCT has been the subject of several recent analyst reports. StockNews.com downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Truist Financial reduced their price objective on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Piper Sandler cut their target price on shares of Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday. Evercore ISI reduced their price target on shares of Community Healthcare Trust from $25.00 to $21.00 and set an “underperform” rating for the company in a report on Wednesday, August 28th. Finally, Robert W. Baird dropped their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.50.

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).