Community Healthcare Trust (NYSE:CHCT) Earns Hold Rating from Evercore ISI

Evercore ISI reaffirmed their hold rating on shares of Community Healthcare Trust (NYSE:CHCT) in a research report released on Monday, AnalystRatings.com reports.

A number of other research analysts also recently issued reports on CHCT. Zacks Investment Research downgraded Community Healthcare Trust from a buy rating to a hold rating in a report on Monday, October 28th. B. Riley increased their price objective on Community Healthcare Trust from $38.00 to $42.00 and gave the stock a neutral rating in a report on Thursday, November 7th. Finally, ValuEngine downgraded Community Healthcare Trust from a buy rating to a hold rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Community Healthcare Trust currently has an average rating of Hold and a consensus price target of $41.61.

Shares of NYSE:CHCT traded down $0.89 during mid-day trading on Monday, reaching $45.10. 127,560 shares of the stock were exchanged, compared to its average volume of 119,170. The company has a market cap of $928.17 million, a P/E ratio of 28.36 and a beta of 0.72. Community Healthcare Trust has a one year low of $27.54 and a one year high of $49.17. The stock’s 50 day simple moving average is $45.64 and its 200-day simple moving average is $41.57.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data 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 return on equity of 1.53% and a net margin of 7.61%. As a group, research analysts forecast that Community Healthcare Trust will post 1.66 EPS for the current fiscal year.

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

In other Community Healthcare Trust news, COO W. Page Barnes sold 5,263 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $46.00, for a total value of $242,098.00. Following the completion of the transaction, the chief operating officer now directly owns 190,463 shares in the company, valued at $8,761,298. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.70% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Coastal Investment Advisors Inc. bought a new position in Community Healthcare Trust in the second quarter valued at approximately $59,000. Bank of Montreal Can grew its stake in Community Healthcare Trust by 318.9% in the second quarter. Bank of Montreal Can now owns 2,191 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 1,668 shares in the last quarter. Rhumbline Advisers grew its stake in Community Healthcare Trust by 5.3% in the third quarter. Rhumbline Advisers now owns 57,559 shares of the real estate investment trust’s stock valued at $2,564,000 after purchasing an additional 2,896 shares in the last quarter. Vanguard Group Inc. grew its stake in Community Healthcare Trust by 116.8% in the second quarter. Vanguard Group Inc. now owns 2,209,056 shares of the real estate investment trust’s stock valued at $87,059,000 after purchasing an additional 1,190,028 shares in the last quarter. Finally, BB&T Securities LLC grew its stake in Community Healthcare Trust by 12.7% in the second quarter. BB&T Securities LLC now owns 8,900 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

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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