Russell Investments Group Ltd. Lowers Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Russell Investments Group Ltd. lowered its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 14.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 285,423 shares of the real estate investment trust's stock after selling 46,480 shares during the period. Russell Investments Group Ltd. owned 1.05% of Community Healthcare Trust worth $7,604,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CHCT. MQS Management LLC bought a new stake in shares of Community Healthcare Trust during the third quarter worth about $204,000. Advisor Partners II LLC bought a new stake in Community Healthcare Trust during the third quarter worth $208,000. UniSuper Management Pty Ltd raised its position in Community Healthcare Trust by 8.7% in the 3rd quarter. UniSuper Management Pty Ltd now owns 7,500 shares of the real estate investment trust's stock valued at $223,000 after buying an additional 600 shares during the last quarter. Connors Investor Services Inc. lifted its stake in Community Healthcare Trust by 22.7% during the 3rd quarter. Connors Investor Services Inc. now owns 8,100 shares of the real estate investment trust's stock valued at $241,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in Community Healthcare Trust during the 3rd quarter worth $312,000. 87.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Piper Sandler reissued a "neutral" rating and set a $26.00 price target (down from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday, May 1st. Evercore ISI cut their price objective on Community Healthcare Trust from $32.00 to $30.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 16th. Finally, Truist Financial decreased their target price on Community Healthcare Trust from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Community Healthcare Trust presently has an average rating of "Hold" and an average price target of $30.33.

Community Healthcare Trust Price Performance

Shares of CHCT traded down $0.21 during trading hours on Wednesday, hitting $24.38. The company's stock had a trading volume of 185,861 shares, compared to its average volume of 183,029. The business has a 50 day simple moving average of $26.02 and a two-hundred day simple moving average of $26.50. Community Healthcare Trust Incorporated has a 52-week low of $24.15 and a 52-week high of $36.72. The company has a market cap of $675.35 million, a price-to-earnings ratio of 38.08, a PEG ratio of 1.39 and a beta of 0.64.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.55%. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, May 9th. Community Healthcare Trust's payout ratio is presently 287.50%.

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).