Community Healthcare Trust Incorporated (NYSE:CHCT) Receives Average Rating of “Moderate Buy” from Analysts

Community Healthcare Trust Incorporated (NYSE:CHCT) has received an average rating of “Moderate Buy” from the four ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $33.67.

A number of research firms recently issued reports on CHCT. Truist Financial decreased their price objective on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. Piper Sandler decreased their target price on Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Finally, Evercore ISI decreased their target price on Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th.

Institutional Investors Weigh In On Community Healthcare Trust

Several institutional investors have recently bought and sold shares of CHCT. Great Lakes Advisors LLC purchased a new stake in Community Healthcare Trust in the 3rd quarter worth approximately $5,598,000. Jupiter Asset Management Ltd. raised its position in shares of Community Healthcare Trust by 421.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 96,184 shares of the real estate investment trust’s stock worth $2,857,000 after acquiring an additional 77,723 shares in the last quarter. Davis Selected Advisers raised its position in shares of Community Healthcare Trust by 55.9% in the 3rd quarter. Davis Selected Advisers now owns 163,400 shares of the real estate investment trust’s stock worth $4,853,000 after acquiring an additional 58,570 shares in the last quarter. Strs Ohio raised its position in shares of Community Healthcare Trust by 51.1% in the 3rd quarter. Strs Ohio now owns 131,896 shares of the real estate investment trust’s stock worth $3,917,000 after acquiring an additional 44,600 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new position in Community Healthcare Trust during the 4th quarter valued at approximately $811,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Stock Performance

NYSE:CHCT opened at $26.74 on Thursday. Community Healthcare Trust has a 52-week low of $24.50 and a 52-week high of $37.15. The firm has a market cap of $740.43 million, a price-to-earnings ratio of 127.33, a PEG ratio of 1.51 and a beta of 0.65. The business’s fifty day moving average is $26.25 and its 200 day moving average is $26.66.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, May 9th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.84 annualized dividend and a yield of 6.88%. Community Healthcare Trust’s dividend payout ratio is currently 871.43%.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).