Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Bought by Swiss National Bank

Swiss National Bank raised its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT – Get Rating) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,600 shares of the real estate investment trust’s stock after purchasing an additional 1,400 shares during the period. Swiss National Bank owned about 0.23% of Community Healthcare Trust worth $2,062,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new position in shares of Community Healthcare Trust in the 3rd quarter valued at approximately $1,502,000. Foundry Partners LLC raised its position in shares of Community Healthcare Trust by 27.9% during the 4th quarter. Foundry Partners LLC now owns 124,970 shares of the real estate investment trust’s stock valued at $4,474,000 after acquiring an additional 27,285 shares in the last quarter. Connectus Wealth LLC raised its position in shares of Community Healthcare Trust by 1.0% during the 3rd quarter. Connectus Wealth LLC now owns 562,255 shares of the real estate investment trust’s stock valued at $18,414,000 after acquiring an additional 5,511 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Community Healthcare Trust by 31.5% during the 3rd quarter. Prudential Financial Inc. now owns 612,881 shares of the real estate investment trust’s stock valued at $20,071,000 after acquiring an additional 146,750 shares in the last quarter. Finally, Tudor Investment Corp Et Al acquired a new stake in shares of Community Healthcare Trust during the 3rd quarter valued at approximately $752,000. 87.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Community Healthcare Trust

In other news, Director Claire M. Gulmi bought 2,042 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was acquired 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 of the company’s stock, valued at approximately $961,167.80. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 7.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CHCT has been the topic of several research reports. StockNews.com initiated coverage on Community Healthcare Trust in a research report on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet lowered Community Healthcare Trust from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Finally, Robert W. Baird increased their target price on Community Healthcare Trust from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Community Healthcare Trust presently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Community Healthcare Trust Stock Performance

NYSE:CHCT opened at $32.37 on Friday. Community Healthcare Trust Incorporated has a 1 year low of $30.38 and a 1 year high of $43.88. The stock has a market cap of $851.33 million, a price-to-earnings ratio of 111.62, a PEG ratio of 1.38 and a beta of 0.74. The business has a fifty day moving average of $35.54 and a 200-day moving average of $36.96.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 12th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $1.80 annualized dividend and a yield of 5.56%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.45. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 620.71%.

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.