Nuveen LLC Takes Position in Community Healthcare Trust Incorporated $CHCT

Key Points

• Nuveen LLC acquired 643,907 shares of Community Healthcare Trust (NYSE:CHCT) for approximately $11.69 million, now holding about 2.27% of the company.
• Director Horn R. Lawrence Van increased his stake by acquiring 11,815 shares at $16.37 each, elevating his total holdings to 88,502 shares.
• Community Healthcare Trust recently announced a quarterly dividend of $0.4725 per share, reflecting a yield of 12.5%, which is an increase from the previous dividend of $0.47.

Nuveen LLC acquired a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 643,907 shares of the real estate investment trust's stock, valued at approximately $11,693,000. Nuveen LLC owned 2.27% of Community Healthcare Trust as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CHCT. Vanguard Group Inc. lifted its stake in Community Healthcare Trust by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,745,155 shares of the real estate investment trust's stock worth $49,852,000 after purchasing an additional 19,081 shares during the last quarter. Systematic Financial Management LP lifted its stake in Community Healthcare Trust by 10.6% during the fourth quarter. Systematic Financial Management LP now owns 1,035,836 shares of the real estate investment trust's stock worth $19,898,000 after purchasing an additional 99,083 shares during the last quarter. Focus Partners Wealth lifted its stake in Community Healthcare Trust by 285.4% during the fourth quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust's stock worth $14,305,000 after purchasing an additional 551,445 shares during the last quarter. Invesco Ltd. lifted its stake in Community Healthcare Trust by 12.2% during the first quarter. Invesco Ltd. now owns 677,436 shares of the real estate investment trust's stock worth $12,302,000 after purchasing an additional 73,762 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Community Healthcare Trust by 132.8% during the fourth quarter. Nuveen Asset Management LLC now owns 670,215 shares of the real estate investment trust's stock worth $12,875,000 after purchasing an additional 382,324 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CHCT. Truist Financial decreased their target price on Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Piper Sandler restated an "overweight" rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Community Healthcare Trust presently has an average rating of "Buy" and a consensus price target of $18.00.

Community Healthcare Trust Stock Down 0.1%

CHCT traded down $0.01 during trading on Wednesday, hitting $15.17. 49,313 shares of the stock were exchanged, compared to its average volume of 242,176. The firm has a market capitalization of $430.30 million, a P/E ratio of -38.87 and a beta of 0.69. Community Healthcare Trust Incorporated has a 1-year low of $14.20 and a 1-year high of $20.87. The stock has a fifty day moving average price of $16.05 and a two-hundred day moving average price of $16.87.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.04). The firm had revenue of $30.13 million for the quarter, compared to analyst estimates of $30.22 million. Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%. Analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.4725 dividend. The ex-dividend date of this dividend was Friday, August 8th. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.89 dividend on an annualized basis and a dividend yield of 12.5%. Community Healthcare Trust's dividend payout ratio is presently -484.62%.

About Community Healthcare Trust

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.