State of New Jersey Common Pension Fund D Buys 35,352 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

State of New Jersey Common Pension Fund D lifted its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,052 shares of the real estate investment trust's stock after acquiring an additional 35,352 shares during the period. State of New Jersey Common Pension Fund D owned 0.79% of Community Healthcare Trust worth $4,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHCT. Lazard Asset Management LLC bought a new position in Community Healthcare Trust in the 1st quarter valued at about $34,000. Hancock Whitney Corp acquired a new stake in Community Healthcare Trust during the first quarter worth $217,000. SG Americas Securities LLC raised its position in Community Healthcare Trust by 65.7% in the 2nd quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust's stock valued at $214,000 after purchasing an additional 3,630 shares during the last quarter. Woodmont Investment Counsel LLC bought a new stake in Community Healthcare Trust during the 3rd quarter worth about $182,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Community Healthcare Trust in the 2nd quarter valued at $243,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Price Performance

NYSE CHCT traded down $0.08 on Wednesday, hitting $19.00. 255,420 shares of the company traded hands, compared to its average volume of 281,026. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $29.16. The business's 50 day moving average price is $17.44 and its 200-day moving average price is $20.87.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.39). The company had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. During the same quarter last year, the company earned $0.63 EPS. Sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.42. Community Healthcare Trust's dividend payout ratio is currently -2,066.67%.

Analysts Set New Price Targets

Several analysts have weighed in on CHCT shares. Piper Sandler boosted their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Tuesday. 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. Evercore ISI raised Community Healthcare Trust from an "underperform" rating to an "inline" rating and reduced their price target for the company from $21.00 to $18.00 in a research report on Monday, September 16th. Finally, Robert W. Baird decreased their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Community Healthcare Trust has a consensus rating of "Hold" and a consensus target price of $21.00.

Community Healthcare Trust 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.