Community Healthcare Trust Incorporated (NYSE:CHCT) Short Interest Up 25.5% in February

Community Healthcare Trust Incorporated (NYSE:CHCTGet Free Report) saw a large growth in short interest during the month of February. As of February 29th, there was short interest totalling 463,400 shares, a growth of 25.5% from the February 14th total of 369,300 shares. Based on an average trading volume of 213,500 shares, the short-interest ratio is currently 2.2 days.

Hedge Funds Weigh In On Community Healthcare Trust

A number of institutional investors have recently modified their holdings of CHCT. BlackRock Inc. raised its position in Community Healthcare Trust by 4.7% during the second quarter. BlackRock Inc. now owns 4,862,191 shares of the real estate investment trust’s stock valued at $160,550,000 after acquiring an additional 217,326 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Community Healthcare Trust by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,898,621 shares of the real estate investment trust’s stock worth $77,219,000 after purchasing an additional 24,166 shares during the period. State Street Corp increased its holdings in shares of Community Healthcare Trust by 2.6% during the 2nd quarter. State Street Corp now owns 1,569,816 shares of the real estate investment trust’s stock valued at $51,835,000 after purchasing an additional 39,430 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Community Healthcare Trust by 0.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,061,674 shares of the real estate investment trust’s stock valued at $38,008,000 after purchasing an additional 8,827 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Community Healthcare Trust by 1.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,057,058 shares of the real estate investment trust’s stock worth $38,276,000 after buying an additional 10,517 shares in the last quarter. Hedge funds and other institutional investors own 89.44% of the company’s stock.

Community Healthcare Trust Trading Up 1.2 %

Shares of CHCT stock traded up $0.31 during trading hours on Friday, hitting $26.56. The company’s stock had a trading volume of 532,760 shares, compared to its average volume of 204,545. The company has a 50 day moving average of $26.42 and a 200 day moving average of $27.84. Community Healthcare Trust has a 12-month low of $24.50 and a 12-month high of $37.42. The stock has a market cap of $735.21 million, a PE ratio of 125.14, a price-to-earnings-growth ratio of 1.07 and a beta of 0.66.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were given a dividend of $0.458 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.83 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend was Friday, February 16th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 871.43%.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their price target on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Community Healthcare Trust has a consensus rating of “Hold” and a consensus target price of $35.67.

Read Our Latest Analysis on CHCT

About Community Healthcare Trust

(Get 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 December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).

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