State of New Jersey Common Pension Fund D Continues to Hold Position in Community Healthcare Trust Incorporated (CHCT)

State of New Jersey Common Pension Fund D held its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 301,500 shares of the real estate investment trust’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned approximately 2.38% of Community Healthcare Trust worth $7,715,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Thomson Horstmann & Bryant Inc. raised its stake in shares of Community Healthcare Trust by 29.9% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 396,202 shares of the real estate investment trust’s stock worth $10,138,000 after buying an additional 91,252 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of 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 worth $27,727,000 after buying an additional 74,117 shares in the last quarter. American Century Companies Inc. raised its stake in shares of 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 worth $9,003,000 after buying an additional 63,633 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of 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 worth $11,377,000 after buying an additional 39,959 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Community Healthcare Trust by 176.6% in the first quarter. Schroder Investment Management Group now owns 45,233 shares of the real estate investment trust’s stock worth $1,049,000 after buying an additional 28,882 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

Shares of Community Healthcare Trust Incorporated (NYSE CHCT) opened at 25.08 on Friday. The company’s 50 day moving average price is $25.34 and its 200 day moving average price is $24.36. The company has a market capitalization of $318.16 million, a price-to-earnings ratio of 91.53 and a beta of 1.04. Community Healthcare Trust Incorporated has a 52-week low of $19.61 and a 52-week high of $26.50.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 28th will be issued a $0.3925 dividend. This represents a $1.57 annualized dividend and a dividend yield of 6.26%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, August 24th. Community Healthcare Trust’s dividend payout ratio is presently 577.80%.

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A number of equities research analysts have recently weighed in on CHCT shares. Evercore ISI lifted their price objective on Community Healthcare Trust from $25.50 to $26.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 4th. Zacks Investment Research lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Finally, ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.

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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