Palisade Capital Management LP Makes New $3.88 Million Investment in Community Healthcare Trust Incorporated $CHCT

Palisade Capital Management LP purchased a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 212,282 shares of the real estate investment trust’s stock, valued at approximately $3,881,000. Palisade Capital Management LP owned about 0.74% of Community Healthcare Trust as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CHCT. AQR Capital Management LLC increased its holdings in shares of Community Healthcare Trust by 18.6% during the 1st quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 6,856 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Community Healthcare Trust in the first quarter valued at $231,000. Goldman Sachs Group Inc. grew its position in Community Healthcare Trust by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 252,492 shares of the real estate investment trust’s stock valued at $4,585,000 after acquiring an additional 3,697 shares during the period. Jane Street Group LLC grew its position in Community Healthcare Trust by 339.7% during the first quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock valued at $1,630,000 after acquiring an additional 69,343 shares during the period. Finally, Creative Planning acquired a new stake in Community Healthcare Trust during the second quarter worth about $196,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on CHCT shares. Weiss Ratings upgraded Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Piper Sandler decreased their target price on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Truist Financial increased their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Huntington started coverage on shares of Community Healthcare Trust in a research report on Friday, July 17th. They set an “outperform” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.50.

Community Healthcare Trust Stock Performance

CHCT stock opened at $14.98 on Wednesday. The firm has a market cap of $429.15 million, a P/E ratio of 22.36 and a beta of 0.71. Community Healthcare Trust Incorporated has a 1 year low of $13.23 and a 1 year high of $19.17. The stock has a 50-day simple moving average of $17.27 and a 200-day simple moving average of $17.13.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. On average, equities research analysts predict that Community Healthcare Trust Incorporated will post 1.87 EPS for the current year.

Community Healthcare Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Community Healthcare Trust’s payout ratio is presently 197.01%.

Insiders Place Their Bets

In other news, CEO David H. Dupuy bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $15.13 per share, for a total transaction of $151,300.00. Following the completion of the purchase, the chief executive officer owned 557,262 shares of the company’s stock, valued at $8,431,374.06. This trade represents a 1.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Z. Hensley bought 8,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $15.21 per share, with a total value of $121,680.00. Following the completion of the purchase, the director directly owned 103,702 shares of the company’s stock, valued at approximately $1,577,307.42. This represents a 8.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 5.30% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long?term, triple?net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.