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

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT) have earned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $18.50.

A number of research analysts have issued reports on the stock. 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 on the stock. Piper Sandler dropped their target price on shares of Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Truist Financial lifted 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 note on Thursday, June 11th. Wall Street Zen cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th.

Insider Activity at Community Healthcare Trust

In other news, Director Robert Z. Hensley purchased 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $15.21 per share, for a total transaction of $121,680.00. Following the completion of the transaction, the director directly owned 103,702 shares of the company’s stock, valued at $1,577,307.42. This trade represents a 8.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David H. Dupuy purchased 10,000 shares of Community Healthcare Trust stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $15.13 per share, for a total transaction of $151,300.00. Following the completion of the purchase, the chief executive officer owned 557,262 shares of the company’s stock, valued at $8,431,374.06. This trade represents a 1.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Community Healthcare Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHCT. BlackRock Inc. bought a new position in shares of Community Healthcare Trust in the 2nd quarter worth about $48,221,000. Ameriprise Financial Inc. boosted its stake in Community Healthcare Trust by 667.6% during the third quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock worth $5,809,000 after acquiring an additional 330,203 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in Community Healthcare Trust by 66.0% during the third quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock worth $12,339,000 after acquiring an additional 320,546 shares in the last quarter. Invesco Ltd. grew its holdings in Community Healthcare Trust by 38.9% in the third quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock worth $16,221,000 after purchasing an additional 297,179 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Community Healthcare Trust in the second quarter worth about $4,607,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

CHCT opened at $14.98 on Friday. Community Healthcare Trust has a 52-week low of $13.23 and a 52-week high of $19.17. The stock has a market capitalization of $429.18 million, a PE ratio of 22.36 and a beta of 0.69. The stock’s 50 day moving average price is $16.82 and its 200-day moving average price is $16.97.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. The business had revenue of $30.97 million for the quarter, compared to the consensus estimate of $31.77 million. Research analysts forecast that Community Healthcare Trust will post 1.87 EPS for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.8%. Community Healthcare Trust’s dividend payout ratio is 197.01%.

About Community Healthcare Trust

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.