Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 248,354 shares of the real estate investment trust’s stock after purchasing an additional 19,711 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.91% of Community Healthcare Trust worth $6,616,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Great Lakes Advisors LLC bought a new position in shares of Community Healthcare Trust during the third quarter worth approximately $5,598,000. Jupiter Asset Management Ltd. grew its holdings in Community Healthcare Trust by 421.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 96,184 shares of the real estate investment trust’s stock worth $2,857,000 after acquiring an additional 77,723 shares in the last quarter. Davis Selected Advisers grew its stake in Community Healthcare Trust by 55.9% in the 3rd quarter. Davis Selected Advisers now owns 163,400 shares of the real estate investment trust’s stock valued at $4,853,000 after acquiring an additional 58,570 shares during the period. Strs Ohio boosted its holdings in Community Healthcare Trust by 51.1% in the third quarter. Strs Ohio now owns 131,896 shares of the real estate investment trust’s stock valued at $3,917,000 after purchasing an additional 44,600 shares in the last quarter. Finally, Manning & Napier Group LLC increased its position in Community Healthcare Trust by 17.2% during the 3rd quarter. Manning & Napier Group LLC now owns 171,249 shares of the real estate investment trust’s stock worth $5,086,000 after purchasing an additional 25,136 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CHCT shares. Evercore ISI lowered their price target on shares of Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Truist Financial decreased their price target on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Finally, Piper Sandler dropped their target price on Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.67.

Community Healthcare Trust Stock Up 2.7 %

Shares of NYSE:CHCT traded up $0.68 during midday trading on Friday, reaching $26.33. The company’s stock had a trading volume of 98,918 shares, compared to its average volume of 176,583. Community Healthcare Trust Incorporated has a 12-month low of $24.50 and a 12-month high of $37.15. The firm has a market capitalization of $729.08 million, a P/E ratio of 125.38, a PEG ratio of 1.33 and a beta of 0.65. The firm has a 50 day moving average of $26.28 and a 200-day moving average of $26.71.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.46. Community Healthcare Trust’s dividend payout ratio is currently 871.43%.

About Community Healthcare Trust

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).