Systematic Financial Management LP decreased its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 621,613 shares of the real estate investment trust’s stock after selling 8,600 shares during the quarter. Systematic Financial Management LP owned approximately 4.90% of Community Healthcare Trust worth $15,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHCT. Bank of America Corp DE boosted its position in shares of Community Healthcare Trust by 20.9% during the 1st quarter. Bank of America Corp DE now owns 5,141 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 888 shares in the last quarter. UBS Group AG boosted its position 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 period. Bank of Montreal Can acquired a new stake in shares of Community Healthcare Trust in the 1st quarter valued at about $172,000. American International Group Inc. boosted its position 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 period. Finally, Wells Fargo & Company MN boosted its position 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 period. Institutional investors own 60.22% of the company’s stock.

Community Healthcare Trust Incorporated (NYSE:CHCT) opened at 26.54 on Friday. The stock’s 50 day moving average price is $25.42 and its 200-day moving average price is $24.82. Community Healthcare Trust Incorporated has a 52 week low of $19.61 and a 52 week high of $26.97. The stock has a market capitalization of $336.69 million, a P/E ratio of 96.86 and a beta of 1.03.

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

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A number of analysts recently issued reports on CHCT shares. Evercore ISI upped their target price on Community Healthcare Trust from $25.50 to $26.50 and gave the company an “outperform” rating in a research report on Tuesday, July 4th. Zacks Investment Research downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, ValuEngine downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.

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.

Institutional Ownership by Quarter for Community Healthcare Trust (NYSE:CHCT)

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