New York State Common Retirement Fund Grows Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

New York State Common Retirement Fund lifted its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220,024 shares of the real estate investment trust's stock after buying an additional 32,469 shares during the period. New York State Common Retirement Fund owned about 0.78% of Community Healthcare Trust worth $4,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Daiwa Securities Group Inc. grew its holdings in shares of Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust's stock worth $151,000 after purchasing an additional 840 shares during the last quarter. Woodmont Investment Counsel LLC purchased a new position in shares of Community Healthcare Trust during the third quarter valued at approximately $182,000. Point72 Asset Management L.P. bought a new position in shares of Community Healthcare Trust during the third quarter valued at approximately $198,000. Point72 DIFC Ltd purchased a new stake in Community Healthcare Trust in the third quarter worth $201,000. Finally, SG Americas Securities LLC boosted its holdings in Community Healthcare Trust by 10.5% in the fourth quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust's stock valued at $207,000 after acquiring an additional 1,021 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

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Community Healthcare Trust Trading Down 0.1 %

Community Healthcare Trust stock traded down $0.02 during mid-day trading on Tuesday, hitting $18.57. The stock had a trading volume of 94,302 shares, compared to its average volume of 270,931. The firm's 50 day moving average is $19.35 and its 200 day moving average is $18.46. The firm has a market capitalization of $526.37 million, a P/E ratio of -80.78, a P/E/G ratio of 1.28 and a beta of 0.69. Community Healthcare Trust Incorporated has a one year low of $15.06 and a one year high of $27.62.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. The firm had revenue of $29.30 million for the quarter, compared to the consensus estimate of $29.85 million. As a group, equities research analysts forecast that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be given a $0.4675 dividend. This represents a $1.87 annualized dividend and a yield of 10.07%. The ex-dividend date is Monday, February 24th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's payout ratio is currently -813.04%.

Wall Street Analyst Weigh In

Several analysts have commented on CHCT shares. Truist Financial raised their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Community Healthcare Trust presently has an average rating of "Hold" and an average target price of $21.25.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (the Company'', we'', our'') was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.