Nuveen Asset Management LLC Purchases 382,324 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Nuveen Asset Management LLC increased its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 132.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 670,215 shares of the real estate investment trust's stock after buying an additional 382,324 shares during the period. Nuveen Asset Management LLC owned 2.37% of Community Healthcare Trust worth $12,875,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CHCT. SG Americas Securities LLC increased its stake in Community Healthcare Trust by 10.5% during the fourth quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust's stock worth $207,000 after acquiring an additional 1,021 shares during the last quarter. Graham Capital Wealth Management LLC increased its position in shares of Community Healthcare Trust by 31.7% during the 4th quarter. Graham Capital Wealth Management LLC now owns 192,233 shares of the real estate investment trust's stock valued at $3,693,000 after purchasing an additional 46,217 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Community Healthcare Trust by 10.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 37,843 shares of the real estate investment trust's stock valued at $694,000 after purchasing an additional 3,473 shares during the last quarter. Rhumbline Advisers raised its holdings in Community Healthcare Trust by 2.4% during the 4th quarter. Rhumbline Advisers now owns 47,909 shares of the real estate investment trust's stock valued at $920,000 after buying an additional 1,125 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Community Healthcare Trust by 17.3% in the fourth quarter. New York State Common Retirement Fund now owns 220,024 shares of the real estate investment trust's stock worth $4,227,000 after buying an additional 32,469 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Wall Street Zen raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $21.00.

Community Healthcare Trust Trading Down 1.0%

Shares of CHCT traded down $0.17 during midday trading on Wednesday, reaching $16.31. 164,198 shares of the stock were exchanged, compared to its average volume of 298,522. The company has a market capitalization of $462.25 million, a P/E ratio of -70.92, a PEG ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a 52 week low of $14.76 and a 52 week high of $27.62. The company's 50 day moving average is $16.59 and its two-hundred day moving average is $18.14.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. The company had revenue of $29.73 million for the quarter, compared to analysts' expectations of $29.71 million. On average, sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 11.53%. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 9th. Community Healthcare Trust's dividend payout ratio (DPR) is presently -606.45%.

Insider Buying and Selling

In related news, Director Cathrine Cotman acquired 3,000 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The shares were bought at an average price of $17.10 per share, with a total value of $51,300.00. Following the completion of the transaction, the director now directly owns 23,861 shares in the company, valued at $408,023.10. This trade represents a 14.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is currently owned by insiders.

Community Healthcare Trust Profile

Community Healthcare Trust Incorporated (the Company'', we'', our'') was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.