Community Healthcare Trust (NYSE:CHCT) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $16.74 and traded as high as $17.29. Community Healthcare Trust shares last traded at $17.2810, with a volume of 159,310 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Evercore set a $17.00 target price on shares of Community Healthcare Trust in a report on Thursday, February 19th. Truist Financial cut their target price on shares of Community Healthcare Trust from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Weiss Ratings upgraded Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 18th. Finally, Piper Sandler raised their price target on Community Healthcare Trust from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.00.

Community Healthcare Trust Price Performance

The firm has a market capitalization of $493.72 million, a P/E ratio of 157.11 and a beta of 0.73. The firm has a 50-day moving average price of $16.74 and a two-hundred day moving average price of $16.40.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $31.03 million. Sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.86 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 11th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 11.1%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, May 11th. Community Healthcare Trust’s dividend payout ratio is 1,745.45%.

Institutional Trading of Community Healthcare Trust

Several institutional investors and hedge funds have recently made changes to their positions in CHCT. Ameriprise Financial Inc. lifted its position in shares of Community Healthcare Trust by 667.6% during the third quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock worth $5,809,000 after purchasing an additional 330,203 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Community Healthcare Trust by 66.0% in the third quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock valued at $12,339,000 after acquiring an additional 320,546 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Community Healthcare Trust by 38.9% in the third quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock valued at $16,221,000 after acquiring an additional 297,179 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Community Healthcare Trust by 400.9% in the second quarter. AQR Capital Management LLC now owns 218,822 shares of the real estate investment trust’s stock valued at $3,639,000 after acquiring an additional 175,133 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Community Healthcare Trust by 49.8% in the third quarter. JPMorgan Chase & Co. now owns 438,417 shares of the real estate investment trust’s stock valued at $6,708,000 after acquiring an additional 145,834 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Company Profile

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.