Community Healthcare Trust (NYSE:CHCT) Research Coverage Started at Huntington

Huntington started coverage on shares of Community Healthcare Trust (NYSE:CHCT) in a research note released on Friday, Marketbeat Ratings reports. The firm issued an outperform rating and a $20.00 price target on the real estate investment trust’s stock.

A number of other research analysts also recently commented on CHCT. Truist Financial increased their price target on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Finally, Wall Street Zen downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.75.

Community Healthcare Trust Stock Down 0.1%

Community Healthcare Trust stock opened at $18.80 on Friday. Community Healthcare Trust has a 52-week low of $13.23 and a 52-week high of $19.13. The firm’s fifty day moving average is $17.69 and its 200 day moving average is $17.19. The company has a market cap of $537.01 million, a price-to-earnings ratio of 170.88 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data 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 return on equity of 1.41% and a net margin of 4.94%.The business had revenue of $31.52 million during the quarter, compared to analysts’ expectations of $31.03 million. On average, equities research analysts anticipate that Community Healthcare Trust will post 1.86 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 11th were paid a $0.48 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.48. This represents a $1.92 annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend was Monday, May 11th. Community Healthcare Trust’s payout ratio is currently 1,745.45%.

Institutional Investors Weigh In On Community Healthcare Trust

Institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in Community Healthcare Trust during the 4th quarter valued at about $49,000. Creative Financial Designs Inc. ADV lifted its stake in Community Healthcare Trust by 104.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,817 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Community Healthcare Trust by 992.0% during the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 4,107 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Community Healthcare Trust by 143.6% during the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 3,470 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $114,000. Institutional investors own 87.84% of the company’s stock.

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.