International Assets Investment Management LLC Invests $497,000 in Community Healthcare Trust Incorporated (NYSE:CHCT)

International Assets Investment Management LLC bought a new position in Community Healthcare Trust Incorporated (NYSE:CHCT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,648 shares of the real estate investment trust’s stock, valued at approximately $497,000. International Assets Investment Management LLC owned approximately 0.07% of Community Healthcare Trust at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CHCT. Great Lakes Advisors LLC acquired a new position in shares of Community Healthcare Trust in the 3rd quarter worth approximately $5,598,000. Jupiter Asset Management Ltd. grew its position in shares of Community Healthcare Trust by 421.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 96,184 shares of the real estate investment trust’s stock worth $2,857,000 after acquiring an additional 77,723 shares in the last quarter. Davis Selected Advisers grew its position in shares of 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 acquiring an additional 58,570 shares in the last quarter. Strs Ohio boosted its position in Community Healthcare Trust by 51.1% during the 3rd quarter. Strs Ohio now owns 131,896 shares of the real estate investment trust’s stock valued at $3,917,000 after purchasing an additional 44,600 shares during the period. Finally, Manning & Napier Group LLC boosted its position in Community Healthcare Trust by 17.2% during the 3rd quarter. Manning & Napier Group LLC now owns 171,249 shares of the real estate investment trust’s stock valued at $5,086,000 after purchasing an additional 25,136 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock opened at $25.65 on Friday. The business’s fifty day moving average price is $26.32 and its two-hundred day moving average price is $26.72. The company has a market capitalization of $710.25 million, a P/E ratio of 122.14, a PEG ratio of 1.39 and a beta of 0.65. Community Healthcare Trust Incorporated has a 1-year low of $24.50 and a 1-year high of $37.15.

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. This represents a $1.83 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.46. Community Healthcare Trust’s payout ratio is currently 871.43%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CHCT. Piper Sandler reduced their price objective on 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. Truist Financial reduced their price objective on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Finally, Evercore ISI cut their target price on Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and a consensus target price of $33.67.

About Community Healthcare Trust

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).