BB&T Securities LLC reduced its holdings in Community Healthcare Trust Inc (NYSE:CHCT) by 11.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,900 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. BB&T Securities LLC’s holdings in Community Healthcare Trust were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of CHCT. Coastal Investment Advisors Inc. bought a new position in Community Healthcare Trust in the 2nd quarter worth approximately $59,000. Quantamental Technologies LLC increased its position in Community Healthcare Trust by 49.8% in the 2nd quarter. Quantamental Technologies LLC now owns 1,505 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 500 shares during the period. KBC Group NV bought a new position in Community Healthcare Trust in the 2nd quarter worth approximately $74,000. Bank of Montreal Can increased its position in Community Healthcare Trust by 318.9% in the 2nd quarter. Bank of Montreal Can now owns 2,191 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 1,668 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of Community Healthcare Trust by 25.0% during the second quarter. Daiwa Securities Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 600 shares during the period. 91.99% of the stock is currently owned by institutional investors.
CHCT opened at $45.99 on Thursday. The stock has a market cap of $919.71 million, a PE ratio of 28.92 and a beta of 0.72. Community Healthcare Trust Inc has a 1 year low of $27.54 and a 1 year high of $49.17. The stock’s 50 day simple moving average is $45.61 and its 200-day simple moving average is $41.53.
The business also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.415 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Community Healthcare Trust’s dividend payout ratio is 103.77%.
A number of analysts have recently issued reports on CHCT shares. Evercore ISI restated a “hold” rating on shares of Community Healthcare Trust in a research report on Monday. B. Riley boosted their price objective on Community Healthcare Trust from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Zacks Investment Research cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, ValuEngine cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $41.61.
In related news, COO W. Page Barnes sold 5,263 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $46.00, for a total value of $242,098.00. Following the sale, the chief operating officer now owns 190,463 shares of the company’s stock, valued at approximately $8,761,298. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.70% of the stock is owned by insiders.
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 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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