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

Community Healthcare Trust Incorporated (NYSE:CHCT) has received a consensus recommendation of “Hold” from the five analysts 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 12 month price objective among analysts that have issued a report on the stock in the last year is $18.75.

Several research analysts have recently commented on CHCT shares. Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Huntington began coverage on shares of Community Healthcare Trust in a report on Friday. They issued an “outperform” rating and a $20.00 target price for the company. Truist Financial raised their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in Community Healthcare Trust during the fourth quarter valued at about $49,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Community Healthcare Trust by 104.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 1,817 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of 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 grew its position in shares of Community Healthcare Trust by 143.6% during the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 3,470 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Community Healthcare Trust during the second quarter worth about $114,000. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

Shares of NYSE:CHCT traded up $0.31 during midday trading on Friday, hitting $18.89. The company had a trading volume of 33,082 shares, compared to its average volume of 226,522. Community Healthcare Trust has a 12-month low of $13.23 and a 12-month high of $19.13. The company has a fifty day moving average of $17.67 and a two-hundred day moving average of $17.18. The company has a market cap of $539.84 million, a price-to-earnings ratio of 171.71 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). Community Healthcare Trust had a net margin of 4.94% and a return on equity of 1.41%. The company had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $31.03 million. Research analysts expect 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. Stockholders of record on Monday, May 11th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.2%. The ex-dividend date was Monday, May 11th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.48. Community Healthcare Trust’s payout ratio is 1,745.45%.

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.