Community Healthcare Trust Incorporated (CHCT) Sets New 1-Year High at $26.95
Shares of Community Healthcare Trust Incorporated (NYSE:CHCT) hit a new 52-week high during trading on Thursday . The stock traded as high as $26.95 and last traded at $26.84, with a volume of 78,906 shares. The stock had previously closed at $26.59.
Several research firms have issued reports on CHCT. Zacks Investment Research lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Evercore ISI boosted their price target on Community Healthcare Trust from $25.50 to $26.50 and gave the company an “outperform” rating in a report on Tuesday, July 4th.
The company has a market capitalization of $341.00 million, a price-to-earnings ratio of 98.10 and a beta of 1.03. The stock’s 50 day moving average is $25.28 and its 200-day moving average is $24.80.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 28th were given a dividend of $0.3925 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.39. This represents a $1.57 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend was Thursday, August 24th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 581.50%.
A number of institutional investors and hedge funds have recently made changes to their positions in CHCT. Teachers Advisors LLC grew its position in Community Healthcare Trust by 37.9% during the 4th quarter. Teachers Advisors LLC now owns 27,600 shares of the real estate investment trust’s stock worth $636,000 after purchasing an additional 7,582 shares during the period. Bank of Montreal Can acquired a new stake in Community Healthcare Trust during the 1st quarter worth about $172,000. Russell Investments Group Ltd. grew its position in Community Healthcare Trust by 0.3% during the 1st quarter. Russell Investments Group Ltd. now owns 131,226 shares of the real estate investment trust’s stock worth $3,136,000 after purchasing an additional 352 shares during the period. Advisors Asset Management Inc. acquired a new stake in Community Healthcare Trust during the 1st quarter worth about $258,000. Finally, American Century Companies Inc. grew its position in shares of Community Healthcare Trust by 20.3% during the 1st quarter. American Century Companies Inc. now owns 376,683 shares of the real estate investment trust’s stock valued at $9,003,000 after acquiring an additional 63,633 shares during the period. 60.22% of the stock is currently owned by institutional investors.
Community Healthcare Trust Company Profile
Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.
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