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 note issued to investors on Monday morning.

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

Community Healthcare Trust Price Performance

CHCT opened at $18.79 on Monday. The firm has a market cap of $530.63 million, a PE ratio of -207.22, a P/E/G ratio of 1.27 and a beta of 0.67. The stock has a 50-day moving average price of $17.82 and a 200-day moving average price of $20.43. Community Healthcare Trust has a 1 year low of $15.06 and a 1 year high of $29.16.

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). The firm had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.06 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. During the same period last year, the firm posted $0.63 earnings per share. As a group, sell-side analysts anticipate that Community Healthcare Trust will post 1.84 EPS for the current year.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 9.90%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, November 8th. Community Healthcare Trust’s dividend payout ratio is presently -2,066.67%.

Institutional Trading of Community Healthcare Trust

Large investors have recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in Community Healthcare Trust by 5.5% in the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 552 shares during the period. SG Americas Securities LLC increased its position in shares of Community Healthcare Trust by 6.8% during the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 618 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Community Healthcare Trust by 11.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 840 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Community Healthcare Trust by 5.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 919 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Community Healthcare Trust by 5.9% during the third quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 1,041 shares during the period. 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.