Prudential Financial Inc. Increases Holdings in Community Healthcare Trust Incorporated (CHCT)

Prudential Financial Inc. boosted its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 33.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,582,381 shares of the real estate investment trust’s stock after acquiring an additional 397,515 shares during the quarter. Prudential Financial Inc. owned 12.47% of Community Healthcare Trust worth $42,661,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHCT. Bank of New York Mellon Corp boosted its position in Community Healthcare Trust by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 99,749 shares of the real estate investment trust’s stock worth $2,384,000 after acquiring an additional 1,495 shares during the period. American International Group Inc. boosted its position in Community Healthcare Trust by 7.0% during the 1st quarter. American International Group Inc. now owns 7,759 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 510 shares during the period. FMR LLC boosted its position in Community Healthcare Trust by 0.5% during the 1st quarter. FMR LLC now owns 615,836 shares of the real estate investment trust’s stock worth $14,719,000 after acquiring an additional 3,000 shares during the period. TIAA CREF Investment Management LLC boosted its position in Community Healthcare Trust by 19.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 43,893 shares of the real estate investment trust’s stock worth $1,049,000 after acquiring an additional 7,201 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Community Healthcare Trust by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,140 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 62.54% of the company’s stock.

A number of equities research analysts have commented on CHCT shares. Zacks Investment Research upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Community Healthcare Trust presently has a consensus rating of “Hold” and a consensus target price of $26.50.

Shares of Community Healthcare Trust Incorporated (NYSE CHCT) opened at $27.26 on Friday. Community Healthcare Trust Incorporated has a one year low of $19.61 and a one year high of $27.99. The firm has a market capitalization of $493.02, a PE ratio of 18.80 and a beta of 1.01.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a dividend of $0.395 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.39. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.80%. Community Healthcare Trust’s dividend payout ratio (DPR) is 747.65%.

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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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