Quadrature Capital Ltd Acquires 3,385 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Quadrature Capital Ltd grew its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 48.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,430 shares of the real estate investment trust’s stock after purchasing an additional 3,385 shares during the period. Quadrature Capital Ltd’s holdings in Community Healthcare Trust were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in shares of Community Healthcare Trust by 67.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 3,260 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Community Healthcare Trust by 9.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 28,830 shares of the real estate investment trust’s stock worth $768,000 after buying an additional 2,600 shares in the last quarter. Aigen Investment Management LP bought a new position in Community Healthcare Trust in the fourth quarter valued at about $332,000. Panagora Asset Management Inc. bought a new position in Community Healthcare Trust in the 4th quarter valued at approximately $811,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Community Healthcare Trust by 264.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,323 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

Shares of CHCT opened at $22.81 on Wednesday. Community Healthcare Trust Incorporated has a 52 week low of $22.03 and a 52 week high of $36.72. The stock has a 50 day moving average price of $24.02 and a two-hundred day moving average price of $25.55. The firm has a market capitalization of $631.86 million, a P/E ratio of 35.64, a P/E/G ratio of 1.34 and a beta of 0.68.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.84 annualized dividend and a yield of 8.07%. Community Healthcare Trust’s dividend payout ratio (DPR) is 287.50%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CHCT shares. Truist Financial reduced their target price on Community Healthcare Trust from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, June 17th. Piper Sandler reaffirmed a “neutral” rating and set a $26.00 price objective (down previously from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday, May 1st. Finally, Evercore ISI dropped their target price on shares of Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Community Healthcare Trust currently has a consensus rating of “Hold” and an average price target of $28.67.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).