Sei Investments Co. grew its position in Community Healthcare Trust Incorporated (NYSE:CHCT – Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 205,655 shares of the real estate investment trust’s stock after buying an additional 12,022 shares during the period. Sei Investments Co. owned 0.74% of Community Healthcare Trust worth $5,460,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Community Healthcare Trust by 264.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,323 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Community Healthcare Trust by 25.1% in the 4th quarter. Van ECK Associates Corp now owns 3,740 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 751 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Community Healthcare Trust by 67.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 3,260 shares during the last quarter. Quadrature Capital Ltd boosted its position in shares of Community Healthcare Trust by 48.0% in the 4th quarter. Quadrature Capital Ltd now owns 10,430 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 3,385 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Community Healthcare Trust by 8.9% in the 4th quarter. SG Americas Securities LLC now owns 12,418 shares of the real estate investment trust’s stock worth $331,000 after purchasing an additional 1,011 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.
Community Healthcare Trust Trading Down 1.6 %
CHCT stock opened at $25.92 on Monday. The business’s 50-day moving average price is $23.65 and its two-hundred day moving average price is $25.21. The firm has a market cap of $717.98 million, a PE ratio of 40.50, a P/E/G ratio of 1.58 and a beta of 0.68. Community Healthcare Trust Incorporated has a 1-year low of $22.03 and a 1-year high of $36.72.
Community Healthcare Trust Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, May 9th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.84 annualized dividend and a yield of 7.10%. Community Healthcare Trust’s payout ratio is currently 287.50%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on CHCT shares. Evercore ISI reduced their price target on Community Healthcare Trust from $29.00 to $27.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 16th. Piper Sandler restated a “neutral” rating and issued a $26.00 price target (down from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday, May 1st. Finally, Truist Financial reduced their price target on Community Healthcare Trust from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, June 17th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Community Healthcare Trust has an average rating of “Hold” and a consensus target price of $27.67.
Get Our Latest Research Report on Community Healthcare Trust
About Community Healthcare Trust
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).
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