Nisa Investment Advisors LLC Sells 616 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Nisa Investment Advisors LLC cut its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,439 shares of the real estate investment trust’s stock after selling 616 shares during the period. Nisa Investment Advisors LLC’s holdings in Community Healthcare Trust were worth $278,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in Community Healthcare Trust during the 2nd quarter valued at $27,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $59,000 after acquiring an additional 1,189 shares during the period. Osaic Holdings Inc. boosted its position in Community Healthcare Trust by 28.4% in 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 last quarter. Captrust Financial Advisors bought a new stake in shares of Community Healthcare Trust during the 2nd quarter valued at about $78,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Community Healthcare Trust during the 3rd quarter valued at about $89,000. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Trading Up 0.9 %

Community Healthcare Trust stock opened at $25.19 on Friday. Community Healthcare Trust Incorporated has a 12-month low of $24.50 and a 12-month high of $37.15. The firm has a market capitalization of $697.37 million, a price-to-earnings ratio of 119.93, a P/E/G ratio of 1.32 and a beta of 0.65. The firm has a 50 day moving average of $26.43 and a 200 day moving average of $26.81.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were paid a $0.458 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.83 dividend on an annualized basis and a dividend yield of 7.27%. Community Healthcare Trust’s dividend payout ratio is 871.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial lowered their price objective 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. Evercore ISI decreased their price target 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. Finally, Piper Sandler cut their price objective on shares of Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.67.

Community Healthcare Trust Company 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).