Albert D Mason Inc. Lowers Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

On Mar 19, 2023

Albert D Mason Inc. cut its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT – Get Rating) by 26.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,340 shares of the real estate investment trust’s stock after selling 9,006 shares during the period. Albert D Mason Inc. owned 0.10% of Community Healthcare Trust worth $907,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in Community Healthcare Trust during the second quarter worth $27,000. Lazard Asset Management LLC raised its position in Community Healthcare Trust by 144.7% during the second quarter. Lazard Asset Management LLC now owns 1,654 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 978 shares during the period. Captrust Financial Advisors acquired a new position in Community Healthcare Trust during the second quarter worth $78,000. Mutual of America Capital Management LLC raised its position in Community Healthcare Trust by 17.0% during the second quarter. Mutual of America Capital Management LLC now owns 3,958 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 574 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Community Healthcare Trust by 19.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,822 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 796 shares during the period. 87.68% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Trading Down 2.7 %

Community Healthcare Trust stock opened at $35.41 on Friday. Community Healthcare Trust Incorporated has a 12-month low of $30.38 and a 12-month high of $43.88. The stock has a market cap of $921.37 million, a P/E ratio of 43.18, a PEG ratio of 1.56 and a beta of 0.73. The company has a 50-day moving average price of $39.95 and a 200 day moving average price of $36.34.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st were given a dividend of $0.4475 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.45. This represents a $1.79 annualized dividend and a yield of 5.06%. The ex-dividend date was Friday, February 17th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 218.30%.

Analysts Set New Price Targets

CHCT has been the subject of a number of recent research reports. Piper Sandler increased their target price on shares of Community Healthcare Trust from $41.00 to $45.00 in a research report on Tuesday, January 17th. StockNews.com initiated coverage on shares of Community Healthcare Trust in a research report on Thursday. They issued a “hold” rating for the company. TheStreet upgraded shares of Community Healthcare Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 13th. Janney Montgomery Scott upgraded shares of Community Healthcare Trust from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, January 13th. Finally, Robert W. Baird increased their target price on shares of Community Healthcare Trust from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, February 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Community Healthcare Trust has an average rating of “Moderate Buy” and a consensus target price of $43.43.

Insider Buying and Selling

In related news, Director Claire M. Gulmi bought 2,042 shares of the stock in a transaction on Thursday, March 9th. The stock was bought at an average price of $36.77 per share, with a total value of $75,084.34. Following the completion of the purchase, the director now directly owns 26,140 shares in the company, valued at approximately $961,167.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is owned by company insiders.

Community Healthcare Trust Company Profile

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Community Healthcare Trust, Inc engages in the acquisition of real estate properties that are leased to hospitals, doctors, healthcare systems, and other healthcare services providers. It invests in healthcare properties including outpatient treatment and diagnostic facilities, urgent care centers, acute care hospitals, ambulatory surgery centers, assisted living and long-term care facilities, medical office buildings, clinics, specialty hospitals and treatment centers.