Community Healthcare Trust Inc (CHCT) Given Consensus Recommendation of “Hold” by Brokerages

Community Healthcare Trust Inc (NYSE:CHCT) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $28.50.

A number of equities analysts recently weighed in on CHCT shares. Sandler O’Neill set a $30.00 target price on shares of Community Healthcare Trust and gave the stock a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, B. Riley set a $29.00 price objective on shares of Community Healthcare Trust and gave the stock a “neutral” rating in a research report on Monday, December 18th.

Shares of Community Healthcare Trust (CHCT) remained flat at $$25.01 on Tuesday. The company’s stock had a trading volume of 143,618 shares, compared to its average volume of 159,811. The firm has a market capitalization of $471.86, a price-to-earnings ratio of 120.10 and a beta of 0.79. Community Healthcare Trust has a 12-month low of $22.20 and a 12-month high of $30.64.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.38). Community Healthcare Trust had a return on equity of 1.40% and a net margin of 8.86%. analysts expect that Community Healthcare Trust will post 1.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be given a dividend of $0.3975 per share. This represents a $1.59 dividend on an annualized basis and a yield of 6.36%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, February 15th. Community Healthcare Trust’s payout ratio is 752.42%.

In related news, CEO Timothy G. Wallace acquired 10,099 shares of Community Healthcare Trust stock in a transaction on Monday, December 11th. The stock was purchased at an average cost of $26.93 per share, with a total value of $271,966.07. Following the completion of the transaction, the chief executive officer now directly owns 448,206 shares in the company, valued at approximately $12,070,187.58. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Timothy G. Wallace acquired 4,949 shares of Community Healthcare Trust stock in a transaction on Wednesday, December 13th. The shares were bought at an average cost of $27.60 per share, with a total value of $136,592.40. Following the completion of the transaction, the chief executive officer now owns 463,222 shares of the company’s stock, valued at $12,784,927.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 25,064 shares of company stock valued at $677,488. Company insiders own 5.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Systematic Financial Management LP boosted its position in shares of Community Healthcare Trust by 20.3% in the third quarter. Systematic Financial Management LP now owns 748,026 shares of the real estate investment trust’s stock valued at $20,167,000 after acquiring an additional 126,413 shares during the period. Manning & Napier Advisors LLC boosted its position in shares of Community Healthcare Trust by 3.1% in the third quarter. Manning & Napier Advisors LLC now owns 483,825 shares of the real estate investment trust’s stock valued at $13,042,000 after acquiring an additional 14,485 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Community Healthcare Trust by 13.6% in the third quarter. Asset Management One Co. Ltd. now owns 34,884 shares of the real estate investment trust’s stock valued at $945,000 after acquiring an additional 4,178 shares during the period. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Community Healthcare Trust in the third quarter valued at about $4,089,000. Finally, Vanguard Group Inc. boosted its position in shares of Community Healthcare Trust by 11.6% in the second quarter. Vanguard Group Inc. now owns 622,120 shares of the real estate investment trust’s stock valued at $15,920,000 after acquiring an additional 64,533 shares during the period. 85.01% of the stock is owned by institutional investors.

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About Community Healthcare Trust

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.

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