New York State Teachers Retirement System Buys 1,236 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

New York State Teachers Retirement System grew its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,126 shares of the real estate investment trust’s stock after purchasing an additional 1,236 shares during the period. New York State Teachers Retirement System owned about 0.19% of Community Healthcare Trust worth $1,415,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in Community Healthcare Trust in the 2nd quarter valued at $27,000. Tower Research Capital LLC TRC boosted its stake in Community Healthcare Trust by 196.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,794 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,189 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Community Healthcare Trust by 28.4% during the second quarter. Osaic Holdings Inc. now owns 2,253 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 499 shares during the period. Captrust Financial Advisors bought a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at about $78,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Community Healthcare Trust in the third quarter worth $89,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Stock Up 0.9 %

Shares of CHCT stock opened at $24.96 on Thursday. Community Healthcare Trust Incorporated has a 12 month low of $24.50 and a 12 month high of $37.15. The company’s fifty day simple moving average is $26.43 and its 200-day simple moving average is $26.82. The firm has a market cap of $691.14 million, a PE ratio of 118.86, a P/E/G ratio of 1.33 and a beta of 0.65.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.458 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 7.34%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 16th. Community Healthcare Trust’s dividend payout ratio is currently 871.43%.

Analyst Upgrades and Downgrades

CHCT has been the subject of several recent analyst reports. Evercore ISI lowered their price target on Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating for the company in a report on Tuesday. Piper Sandler dropped their target price on shares of Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Finally, Truist Financial cut their price target on shares of Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Community Healthcare Trust has an average rating of “Hold” and an average price target of $33.67.

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).