Aperio Group LLC Invests $230,000 in Community Healthcare Trust Inc (CHCT)

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Aperio Group LLC acquired a new stake in Community Healthcare Trust Inc (NYSE:CHCT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,700 shares of the real estate investment trust’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of Community Healthcare Trust by 28.8% in the first quarter. Thrivent Financial for Lutherans now owns 17,210 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 3,849 shares during the period. Piedmont Investment Advisors LLC bought a new position in Community Healthcare Trust during the second quarter worth about $120,000. Principal Financial Group Inc. increased its position in Community Healthcare Trust by 3.4% during the first quarter. Principal Financial Group Inc. now owns 132,381 shares of the real estate investment trust’s stock worth $3,407,000 after acquiring an additional 4,408 shares during the period. Northern Trust Corp increased its position in Community Healthcare Trust by 2.4% during the first quarter. Northern Trust Corp now owns 219,298 shares of the real estate investment trust’s stock worth $5,645,000 after acquiring an additional 5,161 shares during the period. Finally, Teachers Insurance & Annuity Association of America increased its position in Community Healthcare Trust by 31.3% during the first quarter. Teachers Insurance & Annuity Association of America now owns 23,436 shares of the real estate investment trust’s stock worth $603,000 after acquiring an additional 5,581 shares during the period. 91.62% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on the stock. B. Riley raised their price target on shares of Community Healthcare Trust from $28.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, August 13th. Zacks Investment Research raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Friday, August 10th. TheStreet raised shares of Community Healthcare Trust from a “c” rating to a “b” rating in a research report on Monday, May 21st. ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Monday, June 4th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $36.00 price target on shares of Community Healthcare Trust in a research report on Thursday, August 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $32.75.

NYSE:CHCT opened at $30.97 on Friday. Community Healthcare Trust Inc has a 52 week low of $22.41 and a 52 week high of $32.81. The stock has a market cap of $564.74 million, a P/E ratio of 21.90 and a beta of 0.80.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were given a dividend of $0.403 per share. This represents a $1.61 dividend on an annualized basis and a yield of 5.21%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, August 16th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 114.18%.

Community Healthcare Trust Profile

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 non-urban markets throughout the United States. The Company had investments of approximately $413.3 million in 89 real estate properties, including one mortgage note, as of March 31, 2018, located in 27 states, totaling approximately 2.0 million square feet.

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

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