Community Healthcare Trust Incorporated (NYSE:CHCT) Receives Consensus Rating of “Hold” from Brokerages

Community Healthcare Trust Incorporated (NYSE:CHCT) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.50.

Several analysts have weighed in on the stock. Piper Sandler lowered their target price on shares of Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Community Healthcare Trust in a research note on Wednesday, September 9th. Truist Financial upped their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Huntington began coverage on Community Healthcare Trust in a research report on Friday, July 17th. They set an “outperform” rating and a $20.00 price target on the stock.

Insider Activity

In other news, CEO David H. Dupuy bought 10,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $15.13 per share, for a total transaction of $151,300.00. Following the transaction, the chief executive officer 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. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert Z. Hensley acquired 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $15.21 per share, with a total value of $121,680.00. Following the completion of the acquisition, the director directly owned 103,702 shares in the company, valued at approximately $1,577,307.42. This represents a 8.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 5.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Community Healthcare Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Community Healthcare Trust during the second quarter valued at approximately $27,000. Legal & General Group Plc purchased a new stake in shares of Community Healthcare Trust in the second quarter worth approximately $51,000. Quantbot Technologies LP purchased a new stake in Community Healthcare Trust in the 2nd quarter worth approximately $58,000. PVG Asset Management Corp purchased a new stake in shares of Community Healthcare Trust during the second quarter worth $189,000. Finally, State of Wyoming acquired a new stake in shares of Community Healthcare Trust during the 2nd quarter valued at about $226,000. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Trading Up 0.1%

NYSE CHCT opened at $13.63 on Wednesday. Community Healthcare Trust has a 52 week low of $13.23 and a 52 week high of $19.17. The company’s fifty day simple moving average is $15.27 and its 200-day simple moving average is $16.63. The stock has a market cap of $390.50 million, a P/E ratio of 20.34 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The business had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. On average, research analysts expect that Community Healthcare Trust will post 1.87 EPS for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The company 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 annualized dividend and a dividend yield of 9.7%. This is a negative change from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio is presently 197.01%.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is a real estate investment trust focused on owning and operating healthcare-related properties. The company primarily invests in facilities that provide outpatient healthcare services, including medical office buildings, physician clinics, specialty facilities, behavioral health properties, ambulatory surgery centers and other healthcare-focused real estate.

Community Healthcare Trust generally targets properties located in non-urban and underserved communities across the United States.