Community Healthcare Trust Incorporated (NYSE:CHCT) Given Average Rating of “Hold” by Analysts

Community Healthcare Trust Incorporated (NYSE:CHCT) has received an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $19.25.

CHCT has been the topic of several analyst reports. Piper Sandler increased their target price on Community Healthcare Trust from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday. Huntington began coverage on shares of Community Healthcare Trust in a research report on Friday, July 17th. They set an “outperform” rating and a $20.00 price objective for the company. Wall Street Zen downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Finally, Truist Financial boosted their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, June 11th.

Community Healthcare Trust Trading Up 1.4%

Shares of CHCT opened at $18.93 on Friday. Community Healthcare Trust has a 12 month low of $13.23 and a 12 month high of $19.13. The firm’s 50 day moving average is $17.77 and its 200-day moving average is $17.23. The stock has a market capitalization of $540.92 million, a PE ratio of 172.13 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.03 million. Community Healthcare Trust had a net margin of 4.94% and a return on equity of 1.41%. Equities research analysts predict that Community Healthcare Trust will post 1.86 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were given a dividend of $0.48 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.48. This represents a $1.92 annualized dividend and a yield of 10.1%. The ex-dividend date was Monday, May 11th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 1,745.45%.

Institutional Investors Weigh In On Community Healthcare Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHCT. Vanguard Group Inc. increased its stake in shares of Community Healthcare Trust by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,804,298 shares of the real estate investment trust’s stock valued at $42,906,000 after purchasing an additional 67,241 shares during the last quarter. Systematic Financial Management LP raised its holdings in shares of Community Healthcare Trust by 3.6% during the 4th quarter. Systematic Financial Management LP now owns 1,123,736 shares of the real estate investment trust’s stock worth $18,452,000 after buying an additional 38,532 shares in the last quarter. Invesco Ltd. lifted its position in shares of Community Healthcare Trust by 38.9% during the 3rd quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock worth $16,221,000 after buying an additional 297,179 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of Community Healthcare Trust by 26.5% during the 4th quarter. Kennedy Capital Management LLC now owns 1,019,810 shares of the real estate investment trust’s stock worth $16,745,000 after buying an additional 213,349 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in Community Healthcare Trust by 0.7% in the third quarter. Focus Partners Wealth now owns 743,324 shares of the real estate investment trust’s stock valued at $11,373,000 after buying an additional 5,000 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.