Jupiter Asset Management Ltd. Buys 77,723 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Jupiter Asset Management Ltd. boosted its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCTFree Report) by 421.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,184 shares of the real estate investment trust’s stock after buying an additional 77,723 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.35% of Community Healthcare Trust worth $2,857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new position in shares of Community Healthcare Trust in the 3rd quarter valued at about $313,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Community Healthcare Trust by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,316 shares of the real estate investment trust’s stock valued at $5,771,000 after purchasing an additional 6,488 shares during the period. Swiss National Bank lifted its stake in shares of Community Healthcare Trust by 1.9% in the 3rd quarter. Swiss National Bank now owns 55,000 shares of the real estate investment trust’s stock valued at $1,634,000 after purchasing an additional 1,000 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Community Healthcare Trust in the 3rd quarter valued at about $5,598,000. Finally, Jump Financial LLC acquired a new position in shares of Community Healthcare Trust in the 3rd quarter valued at about $468,000. 89.44% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Stock Performance

CHCT stock opened at $26.34 on Friday. The stock’s 50 day simple moving average is $26.46 and its 200 day simple moving average is $29.00. Community Healthcare Trust Incorporated has a fifty-two week low of $24.50 and a fifty-two week high of $42.56. The company has a market cap of $718.03 million, a P/E ratio of 119.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.65.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Tuesday, February 20th will be paid a dividend of $0.458 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.83 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date is Friday, February 16th. Community Healthcare Trust’s dividend payout ratio is 827.31%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CHCT. Evercore ISI downgraded Community Healthcare Trust from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $36.00 to $32.00 in a research note on Thursday, November 2nd. Truist Financial dropped their price objective on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. Finally, Piper Sandler dropped their price objective on Community Healthcare Trust from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and an average price target of $37.50.

Get Our Latest Stock Report on Community Healthcare Trust

Community Healthcare Trust Company Profile

(Free Report)

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 September 30, 2023, the Company had investments of approximately $1.05 billion in 191 real estate properties (including a portion of one property accounted for as a sales-type lease and one property classified as held for sale).

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Institutional Ownership by Quarter for Community Healthcare Trust (NYSE:CHCT)

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