Community Healthcare Trust (NYSE:CHCT) Sets New 1-Year High – What’s Next?

Community Healthcare Trust Incorporated (NYSE:CHCT)’s stock price hit a new 52-week high on Friday . The stock traded as high as $18.39 and last traded at $18.3110, with a volume of 594318 shares. The stock had previously closed at $17.96.

Wall Street Analyst Weigh In

CHCT has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial upped their price objective 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. Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Finally, Zacks Research cut Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Community Healthcare Trust presently has a consensus rating of “Hold” and a consensus target price of $18.33.

Community Healthcare Trust Stock Performance

The stock has a market cap of $523.15 million, a PE ratio of 166.48 and a beta of 0.73. The firm’s 50-day moving average is $17.44 and its 200 day moving average is $16.91.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $31.52 million during the quarter, compared to analysts’ expectations of $31.03 million. On average, sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.86 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.92 annualized dividend and a yield of 10.5%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 1,745.45%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CHCT. Albert D Mason Inc. raised its stake in shares of Community Healthcare Trust by 2.7% during the fourth quarter. Albert D Mason Inc. now owns 25,893 shares of the real estate investment trust’s stock worth $425,000 after purchasing an additional 671 shares during the last quarter. Davis Selected Advisers raised its stake in shares of Community Healthcare Trust by 0.3% during the 3rd quarter. Davis Selected Advisers now owns 333,190 shares of the real estate investment trust’s stock worth $5,098,000 after buying an additional 910 shares in the last quarter. Versor Investments LP raised its position in Community Healthcare Trust by 7.9% in the fourth quarter. Versor Investments LP now owns 12,800 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 935 shares in the last quarter. Connors Investor Services Inc. increased its holdings in shares of Community Healthcare Trust by 13.0% in the 3rd quarter. Connors Investor Services Inc. now owns 12,763 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 1,469 shares in the last quarter. Finally, Creative Planning increased its holdings in Community Healthcare Trust by 13.5% in the third quarter. Creative Planning now owns 13,345 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 1,589 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

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.