Public Employees Retirement System of Ohio Purchases New Holdings in Community Healthcare Trust Incorporated $CHCT

Public Employees Retirement System of Ohio acquired a new stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 51,227 shares of the real estate investment trust’s stock, valued at approximately $936,000. Public Employees Retirement System of Ohio owned approximately 0.18% of Community Healthcare Trust as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Community Healthcare Trust by 18.6% in the 1st quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust’s stock valued at $793,000 after purchasing an additional 6,856 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Community Healthcare Trust during the first quarter worth approximately $231,000. Goldman Sachs Group Inc. increased its stake in shares of Community Healthcare Trust by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 252,492 shares of the real estate investment trust’s stock worth $4,585,000 after buying an additional 3,697 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Community Healthcare Trust by 339.7% in the first quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock worth $1,630,000 after buying an additional 69,343 shares during the last quarter. Finally, Creative Planning acquired a new stake in Community Healthcare Trust in the second quarter valued at $196,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Community Healthcare Trust

In other news, Director Robert Z. Hensley acquired 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $15.21 per share, with a total value of $121,680.00. Following the acquisition, the director directly owned 103,702 shares in the company, valued at approximately $1,577,307.42. The trade was a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David H. Dupuy acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of $15.13 per share, for a total transaction of $151,300.00. Following the completion of the transaction, the chief executive officer owned 557,262 shares in the company, valued at $8,431,374.06. The trade was a 1.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CHCT has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Truist Financial increased their price target on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Huntington began coverage on Community Healthcare Trust in a research note on Friday, July 17th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, Piper Sandler dropped their price target on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Community Healthcare Trust Trading Down 2.0%

Shares of Community Healthcare Trust stock opened at $14.48 on Thursday. The stock has a market capitalization of $414.85 million, a price-to-earnings ratio of 21.61 and a beta of 0.69. Community Healthcare Trust Incorporated has a twelve month low of $13.23 and a twelve month high of $19.17. The business’s 50 day simple moving average is $16.60 and its 200-day simple moving average is $16.91.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. The company had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. Sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.87 earnings per share for the current year.

Community Healthcare Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, August 19th. This represents a $1.32 annualized dividend and a dividend yield of 9.1%. Community Healthcare Trust’s dividend payout ratio is currently 197.01%.

Community Healthcare Trust Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long?term, triple?net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.