Aristotle Capital Boston LLC Has $20.05 Million Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

by · The Cerbat Gem

Aristotle Capital Boston LLC increased its position in Community Healthcare Trust Incorporated (NYSE:CHCT – Free Report) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 607,050 shares of the real estate investment trust’s stock after purchasing an additional 7,885 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Community Healthcare Trust were worth $20,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHCT. Point72 Hong Kong Ltd acquired a new stake in Community Healthcare Trust in the second quarter worth about $27,000. CENTRAL TRUST Co boosted its holdings in Community Healthcare Trust by 80.0% during the second quarter. CENTRAL TRUST Co now owns 900 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Community Healthcare Trust by 28.4% during the second quarter. Osaic Holdings Inc. now owns 2,253 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 499 shares during the last quarter. Captrust Financial Advisors bought a new position in Community Healthcare Trust during the second quarter worth about $78,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Community Healthcare Trust during the second quarter worth about $88,000. 89.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com assumed coverage on Community Healthcare Trust in a report on Thursday, October 5th. They set a “hold” rating on the stock. Truist Financial reduced their target price on Community Healthcare Trust from $44.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Piper Sandler reduced their target price on Community Healthcare Trust from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Evercore ISI cut Community Healthcare Trust from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $36.00 to $32.00 in a report on Thursday, November 2nd. Finally, Robert W. Baird cut Community Healthcare Trust from an “outperform” rating to a “neutral” rating in a report on Friday, September 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

View Our Latest Research Report on Community Healthcare Trust

Community Healthcare Trust Stock Performance

Community Healthcare Trust stock traded up $0.39 during midday trading on Wednesday, reaching $28.36. The stock had a trading volume of 12,177 shares, compared to its average volume of 117,367. The firm’s fifty day simple moving average is $27.72 and its 200-day simple moving average is $31.58. Community Healthcare Trust Incorporated has a 1-year low of $25.18 and a 1-year high of $43.88. The stock has a market capitalization of $773.09 million, a P/E ratio of 127.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT – Get Free Report) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.52). Community Healthcare Trust had a net margin of 7.69% and a return on equity of 1.66%. The firm had revenue of $28.74 million during the quarter, compared to analyst estimates of $28.77 million. During the same period in the prior year, the business posted $0.63 EPS. On average, sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 2.5 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, November 9th were given a dividend of $0.455 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $1.82 annualized dividend and a dividend yield of 6.42%. Community Healthcare Trust’s payout ratio is 827.31%.

Community Healthcare Trust 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).

See Also

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