Public Employees Retirement System of Ohio Invests $936,000 in Community Healthcare Trust Incorporated $CHCT

Public Employees Retirement System of Ohio purchased a new stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 51,227 shares of the real estate investment trust’s stock, valued at approximately $936,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC bought a new position in Community Healthcare Trust in the 4th quarter valued at about $49,000. Legal & General Group Plc bought a new stake in shares of Community Healthcare Trust during the 2nd quarter worth about $51,000. Creative Financial Designs Inc. ADV raised its position in shares of Community Healthcare Trust by 104.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,817 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Community Healthcare Trust in the 2nd quarter worth approximately $58,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Community Healthcare Trust by 992.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 4,107 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CHCT. Weiss Ratings upgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Piper Sandler cut their target price on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Truist Financial increased their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Huntington began coverage on Community Healthcare Trust in a research note on Friday, July 17th. They set an “outperform” rating and a $20.00 price target for the company. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.50.

Community Healthcare Trust Price Performance

NYSE CHCT opened at $14.48 on Thursday. Community Healthcare Trust Incorporated has a 12 month low of $13.23 and a 12 month high of $19.17. The company has a market capitalization of $414.85 million, a P/E ratio of 21.61 and a beta of 0.69. The company’s 50 day simple moving average is $16.60 and its 200 day simple moving average is $16.91.

Community Healthcare Trust (NYSE:CHCT) last posted 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 business had revenue of $30.97 million during the quarter, compared to analyst estimates of $31.77 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. On average, analysts anticipate that Community Healthcare Trust Incorporated will post 1.87 earnings per share for the current year.

Community Healthcare Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio is currently 197.01%.

Insider Activity

In other news, CEO David H. Dupuy acquired 10,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the chief executive officer owned 557,262 shares of the company’s stock, valued at approximately $8,431,374.06. This trade represents a 1.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Z. Hensley bought 8,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $15.21 per share, for a total transaction of $121,680.00. Following the completion of the purchase, the director owned 103,702 shares in the company, valued at approximately $1,577,307.42. This trade represents a 8.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.30% of the stock is currently owned by insiders.

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.