New York State Common Retirement Fund Grows Position in Community Healthcare Trust Incorporated $CHCT

New York State Common Retirement Fund grew its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 30.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 276,500 shares of the real estate investment trust’s stock after acquiring an additional 65,341 shares during the quarter. New York State Common Retirement Fund owned 0.97% of Community Healthcare Trust worth $4,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its position in Community Healthcare Trust by 111.9% in the third quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,129 shares during the last quarter. SG Americas Securities LLC bought a new position in Community Healthcare Trust during the third quarter valued at $106,000. Quantbot Technologies LP purchased a new position in shares of Community Healthcare Trust in the 2nd quarter worth $114,000. Resona Asset Management Co. Ltd. increased its holdings in shares of Community Healthcare Trust by 11.3% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 11,112 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 1,130 shares during the last quarter. Finally, Arrow Investment Advisors LLC raised its position in shares of Community Healthcare Trust by 16.9% during the 3rd quarter. Arrow Investment Advisors LLC now owns 11,837 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 1,714 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT opened at $18.15 on Friday. Community Healthcare Trust Incorporated has a 1 year low of $13.23 and a 1 year high of $20.28. The firm has a 50-day simple moving average of $16.44 and a two-hundred day simple moving average of $15.49. The company has a market cap of $516.59 million, a P/E ratio of -45.36 and a beta of 0.75.

Analysts Set New Price Targets

A number of research analysts recently commented on CHCT shares. Zacks Research raised shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Community Healthcare Trust in a research note on Wednesday, January 21st. Finally, Truist Financial lifted their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and an average price target of $18.50.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.