Community Healthcare Trust Incorporated (NYSE:CHCT) shares hit a new 52-week high on Monday . The company traded as high as $27.32 and last traded at $27.31, with a volume of 90,885 shares trading hands. The stock had previously closed at $26.96.

A number of research analysts recently weighed in on the stock. ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Evercore ISI raised their target price on shares of Community Healthcare Trust from $25.50 to $26.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 4th.

The firm has a 50-day moving average price of $26.67 and a 200-day moving average price of $25.40. The firm has a market cap of $347.66 million, a price-to-earnings ratio of 100.018 and a beta of 1.03.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 28th were given a $0.3925 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.39. This represents a $1.57 annualized dividend and a dividend yield of 5.82%. Community Healthcare Trust’s dividend payout ratio is currently 581.50%.

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Community Healthcare Trust by 20.9% in the first quarter. Bank of America Corp DE now owns 5,141 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 888 shares during the last quarter. UBS Group AG grew its position in shares of Community Healthcare Trust by 3.9% in the first quarter. UBS Group AG now owns 6,357 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 238 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Community Healthcare Trust in the first quarter valued at approximately $172,000. American International Group Inc. grew its position in shares of Community Healthcare Trust by 7.0% in the first quarter. American International Group Inc. now owns 7,759 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 510 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Community Healthcare Trust in the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 60.22% of the company’s stock.

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Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.

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