Community Healthcare Trust Incorporated (NYSE:CHCT) shares hit a new 52-week high 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 analysts recently weighed in on the company. Zacks Investment Research lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Evercore ISI increased their target price on Community Healthcare Trust from $25.50 to $26.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 4th.

The stock has a market cap of $336.69 million, a price-to-earnings ratio of 96.86 and a beta of 1.03. The firm has a 50-day moving average of $25.42 and a 200 day moving average of $24.82.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 28th were paid a $0.3925 dividend. This represents a $1.57 annualized dividend and a dividend yield of 5.92%. The ex-dividend date was Thursday, August 24th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.39. Community Healthcare Trust’s payout ratio is presently 581.50%.

Several hedge funds have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. lifted its stake in shares of Community Healthcare Trust by 0.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 30,706 shares of the real estate investment trust’s stock valued at $714,000 after purchasing an additional 101 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Community Healthcare Trust by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 8,515 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 200 shares during the last quarter. UBS Group AG lifted its stake in shares of Community Healthcare Trust by 3.9% in the 1st quarter. UBS Group AG now owns 6,357 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 238 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Community Healthcare Trust by 0.3% in the 1st quarter. Russell Investments Group Ltd. now owns 131,226 shares of the real estate investment trust’s stock valued at $3,136,000 after purchasing an additional 352 shares during the last quarter. Finally, American International Group Inc. lifted its stake in shares of Community Healthcare Trust by 7.0% in the 1st quarter. American International Group Inc. now owns 7,759 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 510 shares during the last quarter. 60.22% of the stock is owned by institutional investors and hedge funds.

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About Community Healthcare Trust

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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