Community Healthcare Trust (NYSE:CHCT) Upgraded by StockNews.com to Hold Rating

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

Other equities analysts also recently issued research reports about the stock. Truist Financial reduced their price objective on shares of 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. Robert W. Baird decreased their price objective on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Piper Sandler raised their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and an average price target of $21.00.

Community Healthcare Trust Trading Up 0.4 %

CHCT opened at $18.60 on Monday. The company has a market capitalization of $525.30 million, a price-to-earnings ratio of -206.67, a PEG ratio of 1.26 and a beta of 0.67. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $29.16. The business’s fifty day simple moving average is $17.80 and its 200-day simple moving average is $20.47.

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

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.465 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 annualized dividend and a yield of 10.00%. The ex-dividend date was Friday, November 8th. Community Healthcare Trust’s dividend payout ratio is currently -2,066.67%.

Institutional Investors Weigh In On Community Healthcare Trust

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Community Healthcare Trust by 1.8% in 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 during the period. Systematic Financial Management LP raised its stake in shares of Community Healthcare Trust by 25.0% in the third quarter. Systematic Financial Management LP now owns 936,753 shares of the real estate investment trust’s stock worth $17,002,000 after purchasing an additional 187,510 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Community Healthcare Trust by 1.4% during the third quarter. Geode Capital Management LLC now owns 674,517 shares of the real estate investment trust’s stock worth $12,245,000 after purchasing an additional 9,256 shares during the period. Janus Henderson Group PLC boosted its position in Community Healthcare Trust by 5,664.3% in the first quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock valued at $15,676,000 after buying an additional 580,199 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Community Healthcare Trust by 1,395.6% in the 3rd quarter. Jane Street Group LLC now owns 492,063 shares of the real estate investment trust’s stock worth $8,931,000 after buying an additional 459,163 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

About Community Healthcare Trust

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.