Ballentine Partners LLC Purchases New Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

Ballentine Partners LLC purchased a new stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,003 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. grew its position in Community Healthcare Trust by 1.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,755 shares of the real estate investment trust’s stock valued at $790,000 after buying an additional 527 shares during the period. American Century Companies Inc. lifted its holdings in Community Healthcare Trust by 5.5% during the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 552 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Community Healthcare Trust by 3.9% during the first quarter. Illinois Municipal Retirement Fund now owns 14,703 shares of the real estate investment trust’s stock valued at $390,000 after purchasing an additional 558 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Community Healthcare Trust by 6.8% during the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 618 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Community Healthcare Trust by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 919 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling at Community Healthcare Trust

In other news, CEO David H. Dupuy bought 10,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the acquisition, the chief executive officer now owns 363,565 shares of the company’s stock, valued at approximately $7,082,246.20. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Community Healthcare Trust news, Director Robert Z. Hensley purchased 6,500 shares of the company’s stock in a transaction that occurred 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 purchase, the director now directly owns 70,670 shares of the company’s stock, valued at $1,378,065. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David H. Dupuy purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $19.48 per share, with a total value of $194,800.00. Following the purchase, the chief executive officer now directly owns 363,565 shares of the company’s stock, valued at $7,082,246.20. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Community Healthcare Trust Price Performance

Shares of NYSE CHCT opened at $17.75 on Wednesday. Community Healthcare Trust Incorporated has a one year low of $15.06 and a one year high of $29.16. The firm’s 50 day simple moving average is $17.43 and its two-hundred day simple moving average is $21.34. The stock has a market capitalization of $491.69 million, a P/E ratio of 27.73, a PEG ratio of 1.13 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.465 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date is Friday, November 8th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 290.63%.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.