State of Tennessee Treasury Department Increases Stake in Community Healthcare Trust Inc (NYSE:CHCT)

State of Tennessee Treasury Department lifted its stake in shares of Community Healthcare Trust Inc (NYSE:CHCT) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,379 shares of the real estate investment trust’s stock after buying an additional 1,164 shares during the quarter. State of Tennessee Treasury Department’s holdings in Community Healthcare Trust were worth $596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in CHCT. Vanguard Group Inc. increased its position in shares of Community Healthcare Trust by 116.8% during the second quarter. Vanguard Group Inc. now owns 2,209,056 shares of the real estate investment trust’s stock valued at $87,059,000 after buying an additional 1,190,028 shares during the period. Bank of New York Mellon Corp increased its position in shares of Community Healthcare Trust by 38.0% during the second quarter. Bank of New York Mellon Corp now owns 511,814 shares of the real estate investment trust’s stock valued at $20,171,000 after buying an additional 140,879 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Community Healthcare Trust by 22.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 480,235 shares of the real estate investment trust’s stock valued at $18,926,000 after buying an additional 88,938 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of Community Healthcare Trust during the second quarter valued at about $3,036,000. Finally, BlackRock Inc. increased its position in shares of Community Healthcare Trust by 2.6% during the second quarter. BlackRock Inc. now owns 3,034,010 shares of the real estate investment trust’s stock valued at $119,570,000 after buying an additional 75,936 shares during the period. Institutional investors own 91.99% of the company’s stock.

Several equities analysts recently issued reports on the stock. Evercore ISI reiterated a “hold” rating on shares of Community Healthcare Trust in a research report on Monday. ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Zacks Investment Research lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, B. Riley boosted their price objective on shares of Community Healthcare Trust from $38.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One investment 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. Community Healthcare Trust presently 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 dated Tuesday, November 12th. The shares were sold at an average price of $46.00, for a total transaction of $242,098.00. Following the sale, the chief operating officer now owns 190,463 shares of the company’s stock, valued at $8,761,298. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.70% of the company’s stock.

NYSE:CHCT opened at $45.10 on Friday. Community Healthcare Trust Inc has a one year low of $27.54 and a one year high of $49.17. The company’s 50-day simple moving average is $45.64 and its 200 day simple moving average is $41.57. The firm has a market capitalization of $919.70 million, a P/E ratio of 28.36 and a beta of 0.72.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). Community Healthcare Trust had a return on equity of 1.53% and a net margin of 7.61%. The business had revenue of $16.26 million for the quarter, compared to the consensus estimate of $15.54 million. As a group, analysts anticipate that Community Healthcare Trust Inc will post 1.66 earnings per share for the current year.

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.415 per share. The ex-dividend date is Thursday, November 14th. Community Healthcare Trust’s payout ratio is currently 103.77%.

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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Institutional Ownership by Quarter for Community Healthcare Trust (NYSE:CHCT)

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