American International Group Inc. lifted its stake in shares of Community Healthcare Trust Inc (NYSE:CHCT) by 20.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,665 shares of the real estate investment trust’s stock after buying an additional 2,292 shares during the quarter. American International Group Inc.’s holdings in Community Healthcare Trust were worth $384,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CHCT. BlackRock Inc. increased its position in shares of Community Healthcare Trust by 188.0% during the fourth quarter. BlackRock Inc. now owns 2,552,670 shares of the real estate investment trust’s stock worth $71,729,000 after acquiring an additional 1,666,339 shares during the period. Prudential Financial Inc. increased its holdings in Community Healthcare Trust by 33.5% during the third quarter. Prudential Financial Inc. now owns 1,582,381 shares of the real estate investment trust’s stock valued at $42,661,000 after buying an additional 397,515 shares during the period. Deprince Race & Zollo Inc. purchased a new position in Community Healthcare Trust during the third quarter valued at approximately $8,867,000. Eagle Boston Investment Management Inc. purchased a new position in Community Healthcare Trust during the third quarter valued at approximately $8,290,000. Finally, Adelante Capital Management LLC purchased a new position in Community Healthcare Trust during the third quarter valued at approximately $6,740,000. 92.26% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on CHCT. ValuEngine raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Sandler O’Neill set a $28.00 price objective on shares of Community Healthcare Trust and gave the company a “buy” rating in a report on Monday, February 26th. B. Riley set a $29.00 price objective on shares of Community Healthcare Trust and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, Zacks Investment Research lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Monday, February 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.83.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were issued a dividend of $0.3975 per share. This represents a $1.59 annualized dividend and a yield of 6.28%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, February 15th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 757.18%.
In other Community Healthcare Trust news, CEO Timothy G. Wallace acquired 4,949 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average cost of $27.60 per share, with a total value of $136,592.40. Following the completion of the acquisition, the chief executive officer now directly owns 463,222 shares in the company, valued at approximately $12,784,927.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.50% of the company’s stock.
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Community Healthcare Trust Profile
Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.
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