Community Healthcare Trust Incorporated (NYSE:CHCT) Receives Average Rating of “Hold” from Brokerages

Community Healthcare Trust Incorporated (NYSE:CHCT) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $18.50.

A number of research firms have weighed in on CHCT. Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Huntington assumed coverage on Community Healthcare Trust in a report on Friday, July 17th. They issued an “outperform” rating and a $20.00 price target for the company. Weiss Ratings upgraded Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Truist Financial boosted their price objective on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, Piper Sandler dropped their target price on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 6th.

Community Healthcare Trust Stock Down 2.9%

Shares of NYSE CHCT opened at $14.64 on Tuesday. The firm has a 50-day simple moving average of $17.62 and a 200-day simple moving average of $17.24. The stock has a market capitalization of $419.44 million, a price-to-earnings ratio of 21.85 and a beta of 0.71. Community Healthcare Trust has a 52 week low of $13.23 and a 52 week high of $19.17.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%.The business had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. As a group, equities research analysts expect that Community Healthcare Trust will post 1.87 EPS for the current year.

Community Healthcare Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 9.0%. The ex-dividend date is Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 286.57%.

Insider Transactions at Community Healthcare Trust

In other news, CEO David H. Dupuy purchased 10,000 shares of Community Healthcare Trust stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $15.13 per share, with a total value of $151,300.00. Following the transaction, the chief executive officer owned 557,262 shares in the company, valued at $8,431,374.06. This represents a 1.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Z. Hensley acquired 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $15.21 per share, for a total transaction of $121,680.00. Following the completion of the acquisition, the director directly owned 103,702 shares of the company’s stock, valued at $1,577,307.42. The trade was a 8.36% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Community Healthcare Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHCT. BlackRock Inc. purchased a new stake in Community Healthcare Trust in the second quarter valued at $48,221,000. Ameriprise Financial Inc. grew its holdings in shares of Community Healthcare Trust by 667.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock worth $5,809,000 after purchasing an additional 330,203 shares during the period. Kennedy Capital Management LLC increased its position in shares of Community Healthcare Trust by 66.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock worth $12,339,000 after purchasing an additional 320,546 shares during the last quarter. Invesco Ltd. raised its holdings in Community Healthcare Trust by 38.9% in the 3rd quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock valued at $16,221,000 after buying an additional 297,179 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Community Healthcare Trust in the 2nd quarter valued at about $4,607,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long?term, triple?net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.