Community Healthcare Trust Incorporated (NYSE:CHCT) Stock Rated “Hold” by Wall Street Brokerages

Community Healthcare Trust Incorporated (NYSE:CHCT) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $17.00.

CHCT has been the subject of several recent analyst reports. Truist Financial lowered their price target on Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Huntington assumed coverage on shares of Community Healthcare Trust in a report on Friday, July 17th. They issued an “outperform” rating and a $20.00 target price for the company. Piper Sandler cut their price target on shares of Community Healthcare Trust from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Finally, Weiss Ratings cut Community Healthcare Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday.

Insiders Place Their Bets

In other news, Director Robert Z. Hensley purchased 8,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $15.21 per share, for a total transaction of $121,680.00. Following the purchase, the director directly owned 103,702 shares in the company, valued at $1,577,307.42. This trade represents a 8.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David H. Dupuy acquired 10,000 shares of the stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $15.13 per share, for a total transaction of $151,300.00. Following the purchase, the chief executive officer directly owned 557,262 shares in the company, valued at approximately $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. Company insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CHCT. Bank of New York Mellon Corp bought a new position in Community Healthcare Trust in the 2nd quarter worth $4,607,000. BlackRock Inc. bought a new position in shares of Community Healthcare Trust during the 2nd quarter valued at approximately $48,221,000. Man Group plc purchased a new stake in Community Healthcare Trust in the 2nd quarter worth $1,072,000. Palisade Capital Management LP purchased a new stake in Community Healthcare Trust in the 2nd quarter worth $3,881,000. Finally, Bank of America Corp DE bought a new position in shares of Community Healthcare Trust in the second quarter worth about $2,175,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

CHCT stock opened at $13.06 on Friday. The firm has a 50 day moving average price of $14.02 and a 200-day moving average price of $16.38. Community Healthcare Trust has a 52-week low of $12.58 and a 52-week high of $19.17. The firm has a market capitalization of $374.17 million, a price-to-earnings ratio of 19.49 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $30.97 million during the quarter, compared to analysts’ expectations of $31.77 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. As a group, sell-side analysts forecast that Community Healthcare Trust will post 1.87 earnings per share for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a drop from Community Healthcare Trust’s previous quarterly dividend of $0.48. Community Healthcare Trust’s payout ratio is 197.01%.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE: CHCT) is a real estate investment trust that owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.