Community Healthcare Trust (NYSE:CHCT) Hits New 12-Month High – Here’s Why

Community Healthcare Trust Incorporated (NYSE:CHCT)’s share price reached a new 52-week high on Friday . The stock traded as high as $18.39 and last traded at $18.3110, with a volume of 594318 shares traded. The stock had previously closed at $17.96.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CHCT shares. Weiss Ratings upgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Truist Financial boosted their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.33.

Community Healthcare Trust Trading Up 2.0%

The stock’s fifty day moving average is $17.46 and its 200 day moving average is $16.92. The company has a market capitalization of $523.15 million, a P/E ratio of 166.48 and a beta of 0.73.

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

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, May 11th. This represents a $1.92 dividend on an annualized basis and a yield of 10.5%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. 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 bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in shares of Community Healthcare Trust during the fourth quarter valued at approximately $49,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Community Healthcare Trust by 104.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,817 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Community Healthcare Trust by 992.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 4,107 shares during the period. BNP Paribas Financial Markets lifted its stake in Community Healthcare Trust by 143.6% in the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 3,470 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Community Healthcare Trust in the second quarter valued at $114,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

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.