Palisade Capital Management LP Makes New $3.88 Million Investment in Community Healthcare Trust Incorporated $CHCT

Palisade Capital Management LP bought a new stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) in the 2nd quarter, HoldingsChannel reports. The fund bought 212,282 shares of the real estate investment trust’s stock, valued at approximately $3,881,000.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Community Healthcare Trust by 18.6% in the 1st quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 6,856 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Community Healthcare Trust during the 1st quarter valued at about $231,000. Goldman Sachs Group Inc. raised its stake in Community Healthcare Trust by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 252,492 shares of the real estate investment trust’s stock worth $4,585,000 after acquiring an additional 3,697 shares during the period. Jane Street Group LLC raised its stake in Community Healthcare Trust by 339.7% during the first quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock worth $1,630,000 after acquiring an additional 69,343 shares during the period. Finally, Creative Planning bought a new position in Community Healthcare Trust in the second quarter worth about $196,000. 87.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Community Healthcare Trust news, Director Robert Z. Hensley bought 8,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $15.21 per share, with a total value of $121,680.00. Following the purchase, the director directly owned 103,702 shares of the company’s stock, valued at approximately $1,577,307.42. The trade was a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David H. Dupuy purchased 10,000 shares of Community Healthcare Trust stock in a transaction on Friday, August 14th. The shares were acquired at an average price of $15.13 per share, with a total value of $151,300.00. Following the transaction, the chief executive officer directly owned 557,262 shares in the company, valued at $8,431,374.06. This trade represents a 1.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 5.30% of the company’s stock.

Community Healthcare Trust Stock Down 1.0%

Shares of NYSE:CHCT opened at $14.98 on Wednesday. The company’s 50-day moving average price is $17.27 and its 200 day moving average price is $17.13. The company has a market cap of $429.15 million, a PE ratio of 22.36 and a beta of 0.71. Community Healthcare Trust Incorporated has a fifty-two week low of $13.23 and a fifty-two week high of $19.17.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%.The firm had revenue of $30.97 million during the quarter, compared to the consensus estimate of $31.77 million. As a group, equities analysts anticipate that Community Healthcare Trust Incorporated will post 1.87 EPS for the current year.

Community Healthcare Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, August 19th. This represents a $1.32 annualized dividend and a dividend yield of 8.8%. Community Healthcare Trust’s payout ratio is currently 197.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CHCT shares. Huntington started coverage on Community Healthcare Trust in a research note on Friday, July 17th. They issued an “outperform” rating and a $20.00 target price for the company. Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Wall Street Zen lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Piper Sandler lowered their price objective on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Truist Financial increased their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Community Healthcare Trust currently has a consensus rating of “Hold” and a consensus price target of $18.50.

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.