Sei Investments Co. Raises Stake in Community Healthcare Trust Incorporated $CHCT

Sei Investments Co. grew its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 34.1% in the first quarter, Holdings Channel reports. The fund owned 360,542 shares of the real estate investment trust’s stock after purchasing an additional 91,740 shares during the period. Sei Investments Co.’s holdings in Community Healthcare Trust were worth $5,729,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Community Healthcare Trust by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,804,298 shares of the real estate investment trust’s stock valued at $42,906,000 after buying an additional 67,241 shares during the period. Systematic Financial Management LP increased its position in shares of Community Healthcare Trust by 3.6% during the fourth quarter. Systematic Financial Management LP now owns 1,123,736 shares of the real estate investment trust’s stock valued at $18,452,000 after acquiring an additional 38,532 shares during the last quarter. Invesco Ltd. increased its position in shares of Community Healthcare Trust by 38.9% during the third quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock valued at $16,221,000 after acquiring an additional 297,179 shares during the last quarter. Kennedy Capital Management LLC raised its stake in shares of Community Healthcare Trust by 26.5% in the 4th quarter. Kennedy Capital Management LLC now owns 1,019,810 shares of the real estate investment trust’s stock valued at $16,745,000 after acquiring an additional 213,349 shares during the period. Finally, Focus Partners Wealth raised its stake in shares of Community Healthcare Trust by 0.7% in the 3rd quarter. Focus Partners Wealth now owns 743,324 shares of the real estate investment trust’s stock valued at $11,373,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

Shares of CHCT opened at $17.73 on Wednesday. The company’s 50-day simple moving average is $18.01 and its 200-day simple moving average is $17.36. Community Healthcare Trust Incorporated has a 1 year low of $13.23 and a 1 year high of $19.17. The stock has a market capitalization of $506.63 million, a PE ratio of 161.22 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Community Healthcare Trust had a net margin of 4.94% and a return on equity of 1.41%. The business had revenue of $31.52 million during the quarter, compared to analyst estimates of $31.03 million. On average, sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.9 earnings per share for the current year.

Community Healthcare Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 1,745.45%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Huntington started coverage on Community Healthcare Trust in a research note on Friday, July 17th. They set an “outperform” rating and a $20.00 price target on the stock. Wall Street Zen lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Piper Sandler lifted their price objective on Community Healthcare Trust from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Community Healthcare Trust currently has a consensus rating of “Hold” and a consensus target price of $19.25.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.