Community Healthcare Trust Incorporated (NYSE:CHCT) Stock Has Average Price Target of $17.00 According to Analysts

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT) have been given an average recommendation of “Hold” by the five brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $17.00.

Several research firms recently commented on CHCT. Piper Sandler reduced their price target on Community Healthcare Trust from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Huntington assumed coverage on shares of 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. Weiss Ratings downgraded Community Healthcare Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Finally, Truist Financial reduced their price target on shares of Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, October 9th.

Community Healthcare Trust Stock Up 0.7%

NYSE CHCT opened at $13.02 on Friday. The business has a fifty day moving average of $14.21 and a 200-day moving average of $16.34. The stock has a market cap of $372.99 million, a price-to-earnings ratio of 19.43 and a beta of 0.68. Community Healthcare Trust has a fifty-two week low of $12.58 and a fifty-two week high of $19.17.

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

Community Healthcare Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a negative change from Community Healthcare Trust’s previous quarterly dividend of $0.48. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 197.01%.

Insider Buying and Selling

In other news, Director Robert Z. Hensley bought 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price 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 trade represents a 8.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David H. Dupuy purchased 10,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was acquired at an average price of $15.13 per share, for a total transaction of $151,300.00. Following the completion of the transaction, the chief executive officer owned 557,262 shares of the company’s stock, valued at $8,431,374.06. This represents a 1.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 5.30% of the company’s stock.

Institutional Trading of Community Healthcare Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Samalin Investment Counsel LLC boosted its stake in shares of Community Healthcare Trust by 73.4% during the 3rd quarter. Samalin Investment Counsel LLC now owns 89,176 shares of the real estate investment trust’s stock valued at $1,265,000 after buying an additional 37,754 shares during the period. Signaturefd LLC raised its position in shares of Community Healthcare Trust by 201.1% in the third quarter. Signaturefd LLC now owns 2,713 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,812 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of Community Healthcare Trust by 1,787.7% during the 3rd quarter. Fortitude Family Office LLC now owns 2,303 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,181 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Community Healthcare Trust in the 2nd quarter valued at $27,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Community Healthcare Trust during the 2nd quarter worth $936,000. Institutional investors and hedge funds 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 owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.