Graham Capital Wealth Management LLC Makes New Investment in Community Healthcare Trust Incorporated (NYSE:CHCT)

Graham Capital Wealth Management LLC purchased a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 146,016 shares of the real estate investment trust's stock, valued at approximately $2,650,000. Community Healthcare Trust accounts for 2.7% of Graham Capital Wealth Management LLC's portfolio, making the stock its 14th largest position. Graham Capital Wealth Management LLC owned 0.53% of Community Healthcare Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHCT. Lazard Asset Management LLC bought a new position in shares of Community Healthcare Trust during the first quarter worth approximately $34,000. SG Americas Securities LLC lifted its holdings in shares of Community Healthcare Trust by 6.8% during the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust's stock worth $177,000 after buying an additional 618 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Community Healthcare Trust by 67.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust's stock valued at $215,000 after acquiring an additional 3,260 shares during the period. Hancock Whitney Corp bought a new stake in shares of Community Healthcare Trust in the first quarter valued at about $217,000. Finally, Pensionfund Sabic acquired a new position in shares of Community Healthcare Trust in the third quarter valued at about $218,000. 87.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO David H. Dupuy bought 10,000 shares of the business's stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the transaction, the chief executive officer now directly owns 363,565 shares of the company's stock, valued at approximately $7,082,246.20. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO David H. Dupuy bought 10,000 shares of the stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $19.48 per share, with a total value of $194,800.00. Following the acquisition, the chief executive officer now directly owns 363,565 shares in the company, valued at approximately $7,082,246.20. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Z. Hensley bought 6,500 shares of the company's stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $19.50 per share, with a total value of $126,750.00. Following the completion of the transaction, the director now directly owns 70,670 shares of the company's stock, valued at approximately $1,378,065. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.00% of the company's stock.

Community Healthcare Trust Stock Up 5.1 %

Shares of CHCT stock traded up $0.86 during trading hours on Friday, reaching $17.62. The company's stock had a trading volume of 510,142 shares, compared to its average volume of 277,934. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $29.16. The firm's 50 day simple moving average is $17.49 and its 200-day simple moving average is $21.45. The company has a market capitalization of $488.09 million, a price-to-earnings ratio of 27.53, a PEG ratio of 1.13 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 10.56%. The ex-dividend date is Friday, November 8th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.42. Community Healthcare Trust's payout ratio is currently 289.06%.

Analysts Set New Price Targets

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

Community Healthcare Trust Company Profile

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.