Creative Planning Makes New $306,000 Investment in Community Healthcare Trust Incorporated (NYSE:CHCT)

Creative Planning purchased a new position in Community Healthcare Trust Incorporated (NYSE:CHCT) in the second quarter, HoldingsChannel reports. The institutional investor purchased 13,073 shares of the real estate investment trust’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHCT. Lazard Asset Management LLC purchased a new position in shares of Community Healthcare Trust in the first quarter worth $34,000. SG Americas Securities LLC raised its holdings in shares of Community Healthcare Trust by 65.7% in the second quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 3,630 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Community Healthcare Trust by 67.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 3,260 shares during the last quarter. Hancock Whitney Corp purchased a new position in shares of Community Healthcare Trust in the first quarter worth $217,000. Finally, American Century Companies Inc. raised its holdings in shares of Community Healthcare Trust by 5.5% in the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 552 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling at Community Healthcare Trust

In other news, Director Robert Z. Hensley acquired 6,500 shares of the business’s stock in a transaction on Monday, August 5th. The stock was bought at an average price of $19.50 per share, with a total value of $126,750.00. Following the completion of the acquisition, the director now owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO David H. Dupuy bought 10,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the transaction, the chief executive officer now directly owns 363,565 shares in the company, valued at $7,082,246.20. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Z. Hensley bought 6,500 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the transaction, the director now owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on CHCT shares. StockNews.com cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Piper Sandler reduced their target price on shares of Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Robert W. Baird reduced their target price on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, Truist Financial reduced their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.75.

Community Healthcare Trust Stock Performance

CHCT opened at $17.55 on Friday. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $29.22. The company has a fifty day moving average of $17.60 and a two-hundred day moving average of $21.86. The stock has a market capitalization of $486.15 million, a price-to-earnings ratio of 27.42, a PEG ratio of 1.13 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.4625 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, August 9th. This represents a $1.85 dividend on an annualized basis and a yield of 10.54%. Community Healthcare Trust’s payout ratio is presently 289.06%.

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).