Community Healthcare Trust (NYSE:CHCT) Rating Increased to Hold 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 published on Tuesday morning.

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

Community Healthcare Trust Stock Down 1.4 %

Shares of CHCT stock opened at $19.08 on Tuesday. The company has a market cap of $538.86 million, a price-to-earnings ratio of -212.00, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67. Community Healthcare Trust has a 52 week low of $15.06 and a 52 week high of $29.16. The firm has a 50 day moving average of $17.44 and a 200-day moving average of $20.87.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly 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 net margin of 0.39% and a negative return on equity of 0.09%. The business had revenue of $29.64 million during the quarter, compared to analyst estimates of $29.06 million. During the same period in the previous year, the business posted $0.63 EPS. Analysts anticipate that Community Healthcare Trust will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.75%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, November 8th. Community Healthcare Trust’s payout ratio is presently -2,066.67%.

Institutional Investors Weigh In On Community Healthcare Trust

A number of hedge funds have recently made changes to their positions in the business. Daiwa Securities Group Inc. raised its stake in shares of Community Healthcare Trust by 11.2% during 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. Penserra Capital Management LLC raised its stake in shares of Community Healthcare Trust by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 43,154 shares of the real estate investment trust’s stock worth $783,000 after purchasing an additional 8,060 shares during the period. Algert Global LLC raised its stake in shares of Community Healthcare Trust by 534.3% during the 3rd quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust’s stock worth $2,059,000 after purchasing an additional 95,557 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Community Healthcare Trust by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 227,050 shares of the real estate investment trust’s stock worth $4,121,000 after purchasing an additional 10,824 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Community Healthcare Trust in the 3rd quarter valued at about $515,000. 87.84% of the stock is currently owned by institutional investors.

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.