State of New Jersey Common Pension Fund D Has $8.07 Million Position in Community Healthcare (CHCT)

State of New Jersey Common Pension Fund D decreased its position in shares of Community Healthcare (NYSE:CHCT) by 4.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 313,500 shares of the real estate investment trust’s stock after selling 13,000 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 1.72% of Community Healthcare worth $8,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Community Healthcare by 188.0% in the 4th quarter. BlackRock Inc. now owns 2,552,670 shares of the real estate investment trust’s stock valued at $71,729,000 after acquiring an additional 1,666,339 shares during the last quarter. Cardinal Capital Management LLC CT increased its holdings in Community Healthcare by 18.9% in the 4th quarter. Cardinal Capital Management LLC CT now owns 730,482 shares of the real estate investment trust’s stock valued at $20,526,000 after acquiring an additional 116,001 shares during the last quarter. American Century Companies Inc. increased its holdings in Community Healthcare by 3.1% in the 1st quarter. American Century Companies Inc. now owns 436,097 shares of the real estate investment trust’s stock valued at $11,225,000 after acquiring an additional 13,194 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in Community Healthcare by 4.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 344,735 shares of the real estate investment trust’s stock valued at $9,687,000 after acquiring an additional 15,826 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. increased its holdings in Community Healthcare by 4.6% in the 4th quarter. Eagle Boston Investment Management Inc. now owns 316,817 shares of the real estate investment trust’s stock valued at $8,902,000 after acquiring an additional 13,895 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Community Healthcare opened at $25.65 on Monday, MarketBeat.com reports. Community Healthcare has a twelve month low of $22.41 and a twelve month high of $30.64. The stock has a market capitalization of $466.31 million, a PE ratio of 17.69 and a beta of 0.79.

Community Healthcare (NYSE:CHCT) last posted its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). Community Healthcare had a return on equity of 1.73% and a net margin of 10.96%. The business had revenue of $10.96 million during the quarter, compared to the consensus estimate of $10.52 million. research analysts anticipate that Community Healthcare will post 1.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 17th. This is an increase from Community Healthcare’s previous quarterly dividend of $0.40. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.24%. Community Healthcare’s payout ratio is 113.48%.

A number of analysts have issued reports on CHCT shares. Zacks Investment Research upgraded shares of Community Healthcare from a “sell” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine upgraded shares of Community Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. B. Riley lifted their price target on shares of Community Healthcare from $27.00 to $28.00 and gave the company a “hold” rating in a report on Friday, May 11th. Sandler O’Neill set a $30.00 target price on shares of Community Healthcare and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, TheStreet upgraded shares of Community Healthcare from a “d+” rating to a “c-” rating in a report on Wednesday, March 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.50.

About Community Healthcare

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 $399.1 million in 86 real estate properties, including one mortgage note, as of December 31, 2017, located in 26 states, totaling approximately 2.0 million square feet.

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

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