Strs Ohio decreased its holdings in Community Healthcare Trust Inc (NYSE:CHCT) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,597 shares of the real estate investment trust’s stock after selling 1,304 shares during the quarter. Strs Ohio owned 0.14% of Community Healthcare Trust worth $1,048,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Quantamental Technologies LLC purchased a new position in shares of Community Healthcare Trust during the 1st quarter valued at $36,000. Advisor Group Inc. purchased a new position in shares of Community Healthcare Trust during the 4th quarter valued at $31,000. Private Capital Group LLC purchased a new position in shares of Community Healthcare Trust during the 1st quarter valued at $74,000. Daiwa Securities Group Inc. grew its holdings in shares of Community Healthcare Trust by 25.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 600 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Community Healthcare Trust by 521.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,147 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 3,480 shares in the last quarter. Hedge funds and other institutional investors own 88.99% of the company’s stock.
CHCT stock opened at $43.25 on Wednesday. Community Healthcare Trust Inc has a 1 year low of $27.54 and a 1 year high of $43.89. The firm has a fifty day simple moving average of $41.00. The firm has a market cap of $843.46 million, a price-to-earnings ratio of 27.20 and a beta of 0.73.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a $0.412 dividend. This represents a $1.65 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Thursday, August 15th. Community Healthcare Trust’s payout ratio is presently 103.14%.
In related news, Director Horn R. Lawrence Van sold 4,053 shares of Community Healthcare Trust stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $37.74, for a total value of $152,960.22. Following the completion of the sale, the director now owns 19,439 shares of the company’s stock, valued at approximately $733,627.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.70% of the stock is currently owned by insiders.
Several equities analysts have recently commented on CHCT shares. Janney Montgomery Scott cut shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, July 10th. Zacks Investment Research cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Berenberg Bank started coverage on shares of Community Healthcare Trust in a report on Tuesday, April 23rd. They set a “buy” rating and a $41.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Community Healthcare Trust currently has a consensus rating of “Hold” and an average price target of $37.01.
Community Healthcare Trust Company 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 non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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