Public Employees Retirement System of Ohio Purchases 18,710 Shares of Community Healthcare Trust Incorporated $CHCT

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Community Healthcare Trust by 53.1%, owning a total of 53,962 shares worth approximately $897,000.
• Community Healthcare Trust has received mixed ratings from analysts, with Zacks Research downgrading it to a "strong sell" and Truist Financial reducing its price target from $23.00 to $19.00.
• The company recently announced a quarterly dividend increase to $0.4725 per share, resulting in a 12.6% dividend yield despite a negative payout ratio.

Public Employees Retirement System of Ohio grew its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 53.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,962 shares of the real estate investment trust's stock after acquiring an additional 18,710 shares during the quarter. Public Employees Retirement System of Ohio owned 0.19% of Community Healthcare Trust worth $897,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new stake in Community Healthcare Trust during the first quarter worth $38,000. GAMMA Investing LLC increased its stake in Community Healthcare Trust by 2,866.5% in the first quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock valued at $119,000 after acquiring an additional 6,335 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Community Healthcare Trust by 50.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,002 shares of the real estate investment trust's stock worth $163,000 after purchasing an additional 3,009 shares in the last quarter. Arrow Investment Advisors LLC bought a new position in Community Healthcare Trust during the second quarter worth about $168,000. Finally, Ballentine Partners LLC bought a new position in Community Healthcare Trust during the second quarter worth about $183,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHCT. Zacks Research lowered Community Healthcare Trust from a "hold" rating to a "strong sell" rating in a research note on Thursday. Weiss Ratings reiterated a "sell (d+)" rating on shares of Community Healthcare Trust in a research report on Saturday, September 27th. Truist Financial dropped their price objective 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. Finally, Piper Sandler restated an "overweight" rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.00.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT opened at $15.04 on Monday. Community Healthcare Trust Incorporated has a 12-month low of $14.20 and a 12-month high of $20.87. The company has a market cap of $426.68 million, a price-to-earnings ratio of -38.56 and a beta of 0.71. The firm's 50-day simple moving average is $15.23 and its 200 day simple moving average is $16.16.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). The company 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%. On average, equities analysts expect that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.4725 per share. The ex-dividend date 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 12.6%. 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.

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