Community Healthcare Trust Incorporated (NYSE:CHCT) Given Average Recommendation of “Hold” by Brokerages

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT) have been given an average rating of “Hold” by the five research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $18.50.

Several brokerages have issued reports on CHCT. Truist Financial boosted 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. Wall Street Zen downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Huntington started coverage on shares of Community Healthcare Trust in a research report on Friday, July 17th. They set an “outperform” rating and a $20.00 target price on the stock. Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Finally, Piper Sandler dropped their price target on shares of Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday.

Institutional Trading of Community Healthcare Trust

Large investors have recently bought and sold shares of the stock. Kennedy Capital Management LLC lifted its holdings in shares of Community Healthcare Trust by 26.5% during the fourth quarter. Kennedy Capital Management LLC now owns 1,019,810 shares of the real estate investment trust’s stock valued at $16,745,000 after acquiring an additional 213,349 shares during the period. Deprince Race & Zollo Inc. grew its holdings in shares of Community Healthcare Trust by 13.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 489,072 shares of the real estate investment trust’s stock worth $8,031,000 after purchasing an additional 56,126 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of Community Healthcare Trust by 3.6% in the 4th quarter. Systematic Financial Management LP now owns 1,123,736 shares of the real estate investment trust’s stock worth $18,452,000 after purchasing an additional 38,532 shares during the last quarter. Sei Investments Co. increased its position in shares of Community Healthcare Trust by 34.1% during the 1st quarter. Sei Investments Co. now owns 360,542 shares of the real estate investment trust’s stock worth $5,729,000 after purchasing an additional 91,740 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Community Healthcare Trust by 11.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 38,920 shares of the real estate investment trust’s stock worth $639,000 after purchasing an additional 4,000 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Trading Down 4.5%

Shares of NYSE:CHCT opened at $15.13 on Tuesday. Community Healthcare Trust has a 1-year low of $13.23 and a 1-year high of $19.17. The firm has a market capitalization of $433.47 million, a PE ratio of 22.58 and a beta of 0.71. The business’s 50 day moving average is $17.86 and its 200-day moving average is $17.31.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm had revenue of $30.97 million during 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, sell-side analysts predict that Community Healthcare Trust will post 1.9 EPS for the current year.

Community Healthcare Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.7%. Community Healthcare Trust’s dividend payout ratio is presently 286.57%.

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.