Inspire Investing LLC Buys 1,635 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Inspire Investing LLC grew its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 12.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,166 shares of the real estate investment trust’s stock after acquiring an additional 1,635 shares during the quarter. Inspire Investing LLC owned 0.05% of Community Healthcare Trust worth $355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Janus Henderson Group PLC grew its position in shares of Community Healthcare Trust by 5,664.3% in the 1st quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock valued at $15,676,000 after purchasing an additional 580,199 shares during the period. Mesirow Institutional Investment Management Inc. acquired a new position in shares of Community Healthcare Trust in the 1st quarter valued at approximately $7,835,000. Russell Investments Group Ltd. grew its position in shares of Community Healthcare Trust by 27.8% in the 1st quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock valued at $9,687,000 after purchasing an additional 79,421 shares during the period. Vanguard Group Inc. grew its position in shares of Community Healthcare Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock valued at $78,373,000 after purchasing an additional 53,282 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Community Healthcare Trust in the 1st quarter valued at approximately $933,000. 87.84% of the stock is owned by institutional investors.

Insider Transactions at Community Healthcare Trust

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

Community Healthcare Trust Trading Down 2.4 %

NYSE CHCT opened at $16.42 on Friday. Community Healthcare Trust Incorporated has a 12 month low of $15.06 and a 12 month high of $31.76. The stock has a 50 day moving average of $20.18 and a 200-day moving average of $23.07. The company has a market cap of $454.85 million, a PE ratio of 25.66, a PEG ratio of 1.11 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date was Friday, August 9th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 289.06%.

Analyst Ratings Changes

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

Community Healthcare Trust Profile

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).