Strs Ohio Makes New $794,000 Investment in Community Healthcare Trust Incorporated $CHCT

Key Points

• Strs Ohio invested approximately $794,000 in Community Healthcare Trust Incorporated by purchasing 43,727 shares, bringing its ownership to roughly 0.15% of the company.
• Community Healthcare Trust recently increased its quarterly dividend to $0.4725, representing an annualized yield of 12.6%, despite a negative payout ratio of -484.62%.
• The company's stock has a current market cap of $426.40 million and was trading at $15.03, with a 52-week range between $14.20 and $20.87.

Strs Ohio purchased a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,727 shares of the real estate investment trust's stock, valued at approximately $794,000. Strs Ohio owned about 0.15% of Community Healthcare Trust as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of Community Healthcare Trust in the fourth quarter valued at approximately $163,000. Nuveen Asset Management LLC grew its holdings in Community Healthcare Trust by 132.8% during the 4th quarter. Nuveen Asset Management LLC now owns 670,215 shares of the real estate investment trust's stock worth $12,875,000 after acquiring an additional 382,324 shares during the period. Two Sigma Investments LP grew its holdings in Community Healthcare Trust by 31.0% during the 4th quarter. Two Sigma Investments LP now owns 291,843 shares of the real estate investment trust's stock worth $5,606,000 after acquiring an additional 68,996 shares during the period. Two Sigma Advisers LP boosted its position in shares of Community Healthcare Trust by 90.2% during the 4th quarter. Two Sigma Advisers LP now owns 224,200 shares of the real estate investment trust's stock worth $4,307,000 after purchasing an additional 106,301 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Community Healthcare Trust by 8.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,643 shares of the real estate investment trust's stock worth $934,000 after purchasing an additional 3,978 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CHCT. Truist Financial dropped their price target on shares of Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Zacks Research upgraded shares of Community Healthcare Trust from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Piper Sandler reiterated 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 one has given a Hold rating to the company's stock. According to MarketBeat.com, Community Healthcare Trust currently has an average rating of "Moderate Buy" and a consensus price target of $18.00.

Community Healthcare Trust Stock Performance

Shares of NYSE CHCT traded up $0.07 during midday trading on Tuesday, hitting $15.17. 12,413 shares of the company traded hands, compared to its average volume of 236,737. Community Healthcare Trust Incorporated has a 12-month low of $14.20 and a 12-month high of $20.87. The stock has a 50-day moving average price of $15.47 and a 200 day moving average price of $16.37. The firm has a market cap of $430.26 million, a P/E ratio of -38.92 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $30.13 million for the quarter, compared to the consensus estimate of $30.22 million. Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.4725 dividend. The ex-dividend date was Friday, August 8th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.89 annualized dividend and a yield of 12.5%. Community Healthcare Trust's payout ratio is -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.