Foundry Partners LLC Trims Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Foundry Partners LLC decreased its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,891 shares of the real estate investment trust’s stock after selling 705 shares during the quarter. Foundry Partners LLC owned approximately 0.52% of Community Healthcare Trust worth $3,780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHCT. MQS Management LLC acquired a new stake in Community Healthcare Trust during the third quarter valued at $204,000. Advisor Partners II LLC acquired a new stake in shares of Community Healthcare Trust during the 3rd quarter valued at about $208,000. UniSuper Management Pty Ltd increased its stake in shares of Community Healthcare Trust by 8.7% in the 3rd quarter. UniSuper Management Pty Ltd now owns 7,500 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 600 shares in the last quarter. Connors Investor Services Inc. raised its holdings in Community Healthcare Trust by 22.7% in the 3rd quarter. Connors Investor Services Inc. now owns 8,100 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 1,500 shares during the period. Finally, Inspire Investing LLC purchased a new position in Community Healthcare Trust during the third quarter worth approximately $312,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CHCT. Piper Sandler cut 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 shares of 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 dropped their target price on shares of Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Community Healthcare Trust presently has a consensus rating of “Hold” and a consensus target price of $33.67.

Community Healthcare Trust Price Performance

Shares of NYSE:CHCT opened at $25.70 on Tuesday. Community Healthcare Trust Incorporated has a 1 year low of $24.50 and a 1 year high of $37.15. The firm has a market capitalization of $711.63 million, a PE ratio of 122.38, a P/E/G ratio of 1.36 and a beta of 0.65. The business’s 50 day moving average price is $26.37 and its 200-day moving average price is $26.74.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were issued a $0.458 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.83 dividend on an annualized basis and a yield of 7.13%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.46. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 871.43%.

Community Healthcare Trust Company 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).