Community Healthcare Trust (NYSE:CHCT) Trading Down 6.3% – What’s Next?

Community Healthcare Trust Incorporated (NYSE:CHCT) was down 6.3% during mid-day trading on Wednesday . The company traded as low as $18.84 and last traded at $18.55. Approximately 102,171 shares traded hands during trading, a decline of 41% from the average daily volume of 172,315 shares. The stock had previously closed at $19.80.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CHCT shares. Piper Sandler increased their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Truist Financial increased their price target on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.25.

Community Healthcare Trust Price Performance

The firm has a market capitalization of $525.94 million, a PE ratio of -206.93, a P/E/G ratio of 1.35 and a beta of 0.69. The company’s fifty day simple moving average is $19.28 and its 200-day simple moving average is $18.46.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $29.30 million for the quarter, compared to the consensus estimate of $29.85 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. Analysts forecast that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a yield of 10.04%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, February 24th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently -2,066.67%.

Institutional Investors Weigh In On Community Healthcare Trust

A number of hedge funds have recently modified their holdings of the business. PharVision Advisers LLC acquired a new stake in shares of Community Healthcare Trust in the fourth quarter valued at about $375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Community Healthcare Trust by 8.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,643 shares of the real estate investment trust’s stock valued at $934,000 after buying an additional 3,978 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Community Healthcare Trust by 90.2% in the fourth quarter. Two Sigma Advisers LP now owns 224,200 shares of the real estate investment trust’s stock valued at $4,307,000 after buying an additional 106,301 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Community Healthcare Trust by 31.0% in the fourth quarter. Two Sigma Investments LP now owns 291,843 shares of the real estate investment trust’s stock valued at $5,606,000 after buying an additional 68,996 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in shares of Community Healthcare Trust by 10.6% in the fourth quarter. Systematic Financial Management LP now owns 1,035,836 shares of the real estate investment trust’s stock valued at $19,898,000 after buying an additional 99,083 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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.