Man Group plc Acquires New Holdings in Community Healthcare Trust Incorporated $CHCT

Man Group plc bought a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 58,630 shares of the real estate investment trust’s stock, valued at approximately $1,072,000. Man Group plc owned approximately 0.20% of Community Healthcare Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of CHCT. Kennedy Capital Management LLC grew its holdings in shares of Community Healthcare Trust by 26.5% in the 4th quarter. Kennedy Capital Management LLC now owns 1,019,810 shares of the real estate investment trust’s stock valued at $16,745,000 after buying an additional 213,349 shares during the period. Palisade Capital Management LP acquired a new stake in Community Healthcare Trust during the 2nd quarter worth $3,881,000. BlackRock Inc. bought a new position in Community Healthcare Trust during the second quarter worth about $48,221,000. Sei Investments Co. lifted its holdings in Community Healthcare Trust by 34.1% during the first quarter. Sei Investments Co. now owns 360,542 shares of the real estate investment trust’s stock worth $5,729,000 after acquiring an additional 91,740 shares in the last quarter. Finally, Systematic Financial Management LP grew its stake in Community Healthcare Trust by 3.6% in the fourth quarter. Systematic Financial Management LP now owns 1,123,736 shares of the real estate investment trust’s stock valued at $18,452,000 after acquiring an additional 38,532 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Community Healthcare Trust

In other news, CEO David H. Dupuy purchased 10,000 shares of Community Healthcare Trust stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $15.13 per share, with a total value of $151,300.00. Following the transaction, the chief executive officer directly owned 557,262 shares in the company, valued at $8,431,374.06. The trade was a 1.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert Z. Hensley purchased 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $15.21 per share, with a total value of $121,680.00. Following the completion of the purchase, the director directly owned 103,702 shares in the company, valued at approximately $1,577,307.42. This represents a 8.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CHCT shares. Piper Sandler lowered their price target on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Truist Financial lifted their price objective on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Weiss Ratings upgraded Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Wall Street Zen cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Huntington started coverage on shares of Community Healthcare Trust in a report on Friday, July 17th. They set an “outperform” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Community Healthcare Trust presently has an average rating of “Hold” and an average price target of $18.50.

Community Healthcare Trust Trading Down 0.1%

Shares of NYSE CHCT opened at $14.88 on Thursday. The company has a fifty day moving average price of $16.95 and a 200 day moving average price of $17.01. The firm has a market cap of $426.23 million, a PE ratio of 22.20 and a beta of 0.69. Community Healthcare Trust Incorporated has a 1-year low of $13.23 and a 1-year high of $19.17.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $30.97 million during the quarter, compared to analyst estimates of $31.77 million. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. Equities research analysts forecast that Community Healthcare Trust Incorporated will post 1.87 EPS for the current year.

Community Healthcare Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend was Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 197.01%.

About Community Healthcare Trust

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.