252,037 Shares in Community Healthcare Trust Incorporated $CHCT Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 252,037 shares of the real estate investment trust's stock, valued at approximately $4,607,000. Bank of New York Mellon Corp owned approximately 0.88% of Community Healthcare Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CHCT. Versor Investments LP raised its position in Community Healthcare Trust by 7.9% during the fourth quarter. Versor Investments LP now owns 12,800 shares of the real estate investment trust's stock worth $210,000 after acquiring an additional 935 shares during the period. Creative Planning raised its stake in Community Healthcare Trust by 13.5% in the 3rd quarter. Creative Planning now owns 13,345 shares of the real estate investment trust's stock valued at $204,000 after purchasing an additional 1,589 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in Community Healthcare Trust by 4.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 38,361 shares of the real estate investment trust's stock valued at $638,000 after purchasing an additional 1,640 shares in the last quarter. Arrow Investment Advisors LLC boosted its stake in Community Healthcare Trust by 13.9% during the 4th quarter. Arrow Investment Advisors LLC now owns 13,486 shares of the real estate investment trust's stock worth $221,000 after purchasing an additional 1,649 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Community Healthcare Trust by 4.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 39,832 shares of the real estate investment trust's stock worth $599,000 after buying an additional 1,710 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of Community Healthcare Trust from $20.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Truist Financial lifted their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, June 11th. Huntington started coverage on shares of Community Healthcare Trust in a research note on Friday, July 17th. They set an "outperform" rating and a $20.00 target price on the stock. Wall Street Zen downgraded shares of Community Healthcare Trust from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Weiss Ratings upgraded Community Healthcare Trust from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $18.50.

Insiders Place Their Bets

In other news, CEO David H. Dupuy acquired 10,000 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $15.13 per share, with a total value of $151,300.00. Following the transaction, the chief executive officer owned 557,262 shares in the company, valued at approximately $8,431,374.06. This trade represents a 1.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Z. Hensley bought 8,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $15.21 per share, with a total value of $121,680.00. Following the purchase, the director owned 103,702 shares of the company's stock, valued at approximately $1,577,307.42. This represents a 8.36% increase in their position. The SEC filing for this purchase provides additional information. 5.30% of the stock is currently owned by company insiders.

Community Healthcare Trust Trading Up 0.5%

NYSE:CHCT opened at $14.98 on Friday. Community Healthcare Trust Incorporated has a 12-month low of $13.23 and a 12-month high of $19.17. The firm has a market cap of $429.18 million, a PE ratio of 22.36 and a beta of 0.69. The stock has a fifty day moving average price of $16.82 and a 200 day moving average price of $16.97.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. The company had revenue of $30.97 million during the quarter, compared to analyst estimates of $31.77 million. Equities analysts forecast that Community Healthcare Trust Incorporated will post 1.87 EPS for the current year.

Community Healthcare Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.8%. Community Healthcare Trust's dividend payout ratio is currently 197.01%.

About Community Healthcare Trust

Community Healthcare Trust Incorporated NYSE: CHCT is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company's portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust's holdings span multiple regions across the United States, with properties located in both urban and suburban markets.

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