Man Group plc Takes Position in Community Healthcare Trust Incorporated $CHCT

Man Group plc bought a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 58,630 shares of the real estate investment trust’s stock, valued at approximately $1,072,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC boosted its position in Community Healthcare Trust by 18.6% during the first quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust’s stock valued at $793,000 after purchasing an additional 6,856 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Community Healthcare Trust during the 1st quarter worth approximately $231,000. Goldman Sachs Group Inc. raised its stake in shares of Community Healthcare Trust by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 252,492 shares of the real estate investment trust’s stock worth $4,585,000 after purchasing an additional 3,697 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Community Healthcare Trust by 339.7% in the 1st quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock valued at $1,630,000 after buying an additional 69,343 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at approximately $196,000. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

CHCT stock opened at $14.88 on Thursday. The company has a fifty day moving average price of $16.95 and a two-hundred day moving average price of $17.01. Community Healthcare Trust Incorporated has a one year low of $13.23 and a one year high of $19.17. The stock has a market cap of $426.23 million, a price-to-earnings ratio of 22.20 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $30.97 million during the quarter, compared to the consensus estimate of $31.77 million. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. Research analysts anticipate that Community Healthcare Trust Incorporated will post 1.87 EPS for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend was Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio is currently 197.01%.

Insider Activity at Community Healthcare Trust

In other news, Director Robert Z. Hensley acquired 8,000 shares of Community Healthcare Trust stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $15.21 per share, for a total transaction of $121,680.00. Following the completion of the acquisition, the director directly owned 103,702 shares in the company, valued at approximately $1,577,307.42. The trade was a 8.36% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David H. Dupuy bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was purchased at an average cost of $15.13 per share, for a total transaction of $151,300.00. Following the transaction, the chief executive officer directly owned 557,262 shares of the company’s stock, valued at $8,431,374.06. The trade was a 1.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

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

About Community Healthcare Trust

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.