Strs Ohio Increases Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Strs Ohio raised its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 28.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,196 shares of the real estate investment trust's stock after buying an additional 37,300 shares during the quarter. Strs Ohio owned about 0.62% of Community Healthcare Trust worth $4,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisor Partners II LLC bought a new position in Community Healthcare Trust during the third quarter worth about $208,000. Citigroup Inc. lifted its holdings in shares of Community Healthcare Trust by 32.9% during the 3rd quarter. Citigroup Inc. now owns 38,144 shares of the real estate investment trust's stock valued at $1,133,000 after purchasing an additional 9,442 shares in the last quarter. Davis Selected Advisers grew its position in shares of Community Healthcare Trust by 55.9% in the 3rd quarter. Davis Selected Advisers now owns 163,400 shares of the real estate investment trust's stock valued at $4,853,000 after purchasing an additional 58,570 shares during the period. Illinois Municipal Retirement Fund bought a new stake in Community Healthcare Trust during the 3rd quarter worth approximately $430,000. Finally, Vanguard Group Inc. raised its holdings in Community Healthcare Trust by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,874,455 shares of the real estate investment trust's stock worth $85,371,000 after buying an additional 17,877 shares during the period. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Stock Up 1.3 %

CHCT traded up $0.32 during trading hours on Friday, hitting $25.50. 141,254 shares of the company's stock were exchanged, compared to its average volume of 181,091. The stock has a market cap of $706.12 million, a price-to-earnings ratio of 121.43, a PEG ratio of 1.33 and a beta of 0.65. Community Healthcare Trust Incorporated has a 1-year low of $24.50 and a 1-year high of $37.15. The stock's 50-day moving average is $26.41 and its two-hundred day moving average is $26.78.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.458 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 7.18%. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 16th. Community Healthcare Trust's dividend payout ratio is currently 871.43%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CHCT. Piper Sandler reduced their price target on shares of Community Healthcare Trust from $40.00 to $36.00 and set an "overweight" rating for the company in a report on Friday, March 22nd. Evercore ISI lowered their target price on Community Healthcare Trust from $32.00 to $30.00 and set an "in-line" rating for the company in a report on Tuesday. Finally, Truist Financial dropped their price target on Community Healthcare Trust from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $33.67.

Community Healthcare Trust Profile

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).