Thomson Horstmann & Bryant Inc. Acquires 91,252 Shares of Community Healthcare Trust Incorporated (CHCT)

Thomson Horstmann & Bryant Inc. increased its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 29.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 396,202 shares of the real estate investment trust’s stock after buying an additional 91,252 shares during the period. Community Healthcare Trust accounts for about 1.3% of Thomson Horstmann & Bryant Inc.’s portfolio, making the stock its 25th largest position. Thomson Horstmann & Bryant Inc. owned 3.12% of Community Healthcare Trust worth $10,138,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. increased its position in Community Healthcare Trust by 6.8% in the first quarter. Prudential Financial Inc. now owns 1,160,098 shares of the real estate investment trust’s stock valued at $27,727,000 after buying an additional 74,117 shares during the last quarter. FMR LLC increased its position in Community Healthcare Trust by 0.5% in the first quarter. FMR LLC now owns 615,836 shares of the real estate investment trust’s stock valued at $14,719,000 after buying an additional 3,000 shares in the last quarter. Vanguard Group Inc. increased its position in Community Healthcare Trust by 0.8% in the first quarter. Vanguard Group Inc. now owns 557,587 shares of the real estate investment trust’s stock valued at $13,327,000 after buying an additional 4,406 shares in the last quarter. Nuveen Asset Management LLC increased its position in Community Healthcare Trust by 9.2% in the first quarter. Nuveen Asset Management LLC now owns 476,040 shares of the real estate investment trust’s stock valued at $11,377,000 after buying an additional 39,959 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Community Healthcare Trust by 20.3% in the first quarter. American Century Companies Inc. now owns 376,683 shares of the real estate investment trust’s stock valued at $9,003,000 after buying an additional 63,633 shares in the last quarter. 59.02% of the stock is currently owned by institutional investors and hedge funds.

Community Healthcare Trust Incorporated (CHCT) traded up 0.12% during trading on Friday, hitting $24.56. 86,887 shares of the stock traded hands. The stock has a market cap of $311.57 million, a P/E ratio of 89.64 and a beta of 1.04. The company’s 50 day moving average price is $25.19 and its 200-day moving average price is $24.46. Community Healthcare Trust Incorporated has a 52-week low of $19.61 and a 52-week high of $26.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 28th will be given a $0.3925 dividend. The ex-dividend date of this dividend is 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 6.39%. Community Healthcare Trust’s payout ratio is currently 577.80%.

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Several equities analysts have recently weighed in on CHCT shares. ValuEngine downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Evercore ISI raised their price target 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. Finally, Zacks Investment Research downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Wednesday.

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.

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

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