Community Healthcare Trust (NYSE:CHCT) PT Raised to $42.00 at B. Riley

Community Healthcare Trust (NYSE:CHCT) had its price target hoisted by B. Riley from $38.00 to $42.00 in a research note published on Thursday, Stock Target Advisor reports. B. Riley currently has a neutral rating on the real estate investment trust’s stock. B. Riley also issued estimates for Community Healthcare Trust’s Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $1.65 EPS and Q1 2020 earnings at $0.50 EPS.

A number of other research firms also recently issued reports on CHCT. Janney Montgomery Scott downgraded Community Healthcare Trust from a buy rating to a neutral rating in a research note on Wednesday, July 10th. ValuEngine downgraded Community Healthcare Trust from a buy rating to a hold rating in a research note on Tuesday, September 10th. Finally, Zacks Investment Research downgraded Community Healthcare Trust from a buy rating to a hold rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $41.61.

NYSE CHCT traded down $0.04 during trading hours on Thursday, hitting $45.18. The company’s stock had a trading volume of 113,120 shares, compared to its average volume of 118,463. Community Healthcare Trust has a 12 month low of $27.54 and a 12 month high of $49.17. The company’s 50 day simple moving average is $45.45 and its two-hundred day simple moving average is $41.34. The company has a market cap of $893.29 million, a P/E ratio of 28.42 and a beta of 0.72.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.32). The firm had revenue of $16.26 million for the quarter, compared to the consensus estimate of $15.54 million. Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.56%. On average, equities analysts predict that Community Healthcare Trust will post 1.67 EPS for the current year.

The company also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Thursday, November 14th. Community Healthcare Trust’s dividend payout ratio is currently 103.77%.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Community Healthcare Trust by 2.6% during the 2nd quarter. BlackRock Inc. now owns 3,034,010 shares of the real estate investment trust’s stock valued at $119,570,000 after buying an additional 75,936 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Community Healthcare Trust by 116.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,209,056 shares of the real estate investment trust’s stock valued at $87,059,000 after buying an additional 1,190,028 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Community Healthcare Trust by 38.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 511,814 shares of the real estate investment trust’s stock valued at $20,171,000 after buying an additional 140,879 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Community Healthcare Trust by 22.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 480,235 shares of the real estate investment trust’s stock valued at $18,926,000 after buying an additional 88,938 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Community Healthcare Trust by 1.0% during the 2nd quarter. Northern Trust Corp now owns 263,570 shares of the real estate investment trust’s stock valued at $10,387,000 after buying an additional 2,677 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.

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Analyst Recommendations for Community Healthcare Trust (NYSE:CHCT)

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