Community Healthcare Trust (NYSE:CHCT) Upgraded at StockNews.com

StockNews.com upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a sell rating to a hold rating in a research report released on Tuesday.

Several other analysts also recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Piper Sandler upped their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their price objective for the stock from $21.00 to $18.00 in a research note on Monday, September 16th. Finally, Truist Financial decreased their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Community Healthcare Trust presently has an average rating of “Hold” and a consensus target price of $21.00.

Community Healthcare Trust Price Performance

Shares of NYSE:CHCT opened at $18.61 on Tuesday. The stock has a market capitalization of $525.55 million, a P/E ratio of -206.78, a P/E/G ratio of 1.29 and a beta of 0.67. The business has a 50-day moving average of $17.56 and a two-hundred day moving average of $20.79. Community Healthcare Trust has a fifty-two week low of $15.06 and a fifty-two week high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). The company had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same period in the previous year, the business posted $0.63 earnings per share. As a group, research analysts expect that Community Healthcare Trust will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.465 dividend. This represents a $1.86 annualized dividend and a dividend yield of 9.99%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio (DPR) is presently -2,066.67%.

Institutional Trading of Community Healthcare Trust

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in shares of Community Healthcare Trust by 27.8% in the first quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock valued at $9,687,000 after purchasing an additional 79,421 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Community Healthcare Trust in the 1st quarter valued at $933,000. Systematic Financial Management LP lifted its holdings in shares of Community Healthcare Trust by 8.0% during the 2nd quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock worth $17,525,000 after acquiring an additional 55,558 shares during the period. Vanguard Group Inc. boosted its position in shares of Community Healthcare Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock valued at $78,373,000 after acquiring an additional 53,282 shares in the last quarter. Finally, LDR Capital Management LLC bought a new stake in Community Healthcare Trust in the third quarter valued at about $630,000. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.