Russell Investments Group Ltd. Sells 46,480 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Russell Investments Group Ltd. lowered its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 285,423 shares of the real estate investment trust’s stock after selling 46,480 shares during the period. Russell Investments Group Ltd. owned approximately 1.05% of Community Healthcare Trust worth $7,604,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CHCT. Strs Ohio grew its holdings in Community Healthcare Trust by 28.3% during the 4th quarter. Strs Ohio now owns 169,196 shares of the real estate investment trust’s stock valued at $4,507,000 after buying an additional 37,300 shares in the last quarter. Advisor Partners II LLC purchased a new position in Community Healthcare Trust during the third quarter valued at approximately $208,000. Citigroup Inc. increased its holdings in Community Healthcare Trust by 32.9% during the 3rd quarter. Citigroup Inc. now owns 38,144 shares of the real estate investment trust’s stock worth $1,133,000 after acquiring an additional 9,442 shares during the period. Davis Selected Advisers lifted its stake in Community Healthcare Trust by 55.9% in the 3rd quarter. Davis Selected Advisers now owns 163,400 shares of the real estate investment trust’s stock worth $4,853,000 after purchasing an additional 58,570 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in Community Healthcare Trust in the 3rd quarter valued at $430,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Stock Up 0.7 %

CHCT opened at $24.59 on Wednesday. The business’s fifty day simple moving average is $26.02 and its 200 day simple moving average is $26.50. Community Healthcare Trust Incorporated has a 52 week low of $24.21 and a 52 week high of $36.74. The stock has a market cap of $681.14 million, a PE ratio of 38.42, a P/E/G ratio of 1.39 and a beta of 0.64.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.48%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, May 9th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 285.94%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CHCT. 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 report on Tuesday, April 16th. Truist Financial lowered their price target on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Finally, Piper Sandler reiterated a “neutral” rating and set a $26.00 price target (down previously from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.33.

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).