Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 29.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,272 shares of the real estate investment trust's stock after selling 47,313 shares during the period. Renaissance Technologies LLC owned 0.41% of Community Healthcare Trust worth $2,649,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in Community Healthcare Trust by 27.8% during the 1st quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust's stock valued at $9,687,000 after acquiring an additional 79,421 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Community Healthcare Trust in the 1st quarter valued at approximately $933,000. Vanguard Group Inc. increased its stake in Community Healthcare Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust's stock valued at $78,373,000 after purchasing an additional 53,282 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in shares of Community Healthcare Trust by 15.5% during the second quarter. Peregrine Capital Management LLC now owns 246,109 shares of the real estate investment trust's stock worth $5,756,000 after purchasing an additional 33,008 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Community Healthcare Trust in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CHCT shares. StockNews.com downgraded Community Healthcare Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, August 20th. Robert W. Baird decreased their target price on shares of Community Healthcare Trust from $29.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday, July 31st. Truist Financial dropped their price target on shares of Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Piper Sandler reduced their price target on Community Healthcare Trust from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, September 9th. Finally, Evercore ISI upgraded Community Healthcare Trust from an "underperform" rating to an "inline" rating and reduced their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.75.

Insider Activity

In related news, CEO David H. Dupuy purchased 10,000 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $19.48 per share, with a total value of $194,800.00. Following the transaction, the chief executive officer now directly owns 363,565 shares in the company, valued at $7,082,246.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert Z. Hensley bought 6,500 shares of the stock in a transaction on Monday, August 5th. The stock was bought at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the completion of the acquisition, the director now directly owns 70,670 shares in the company, valued at $1,378,065. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David H. Dupuy purchased 10,000 shares of the business's stock in a transaction on Monday, August 5th. The shares were bought at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the purchase, the chief executive officer now directly owns 363,565 shares in the company, valued at approximately $7,082,246.20. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company's stock.

Community Healthcare Trust Price Performance

CHCT stock traded down $0.36 during trading hours on Wednesday, reaching $17.51. The stock had a trading volume of 291,134 shares, compared to its average volume of 275,480. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $29.55. The stock has a market capitalization of $484.91 million, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. The stock has a 50-day simple moving average of $18.98 and a 200 day simple moving average of $22.59.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.42. Community Healthcare Trust's payout ratio is presently 289.06%.

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).