Community Healthcare Trust (NYSE:CHCT) Sets New 12-Month High – Should You Buy?

Community Healthcare Trust Incorporated (NYSE:CHCT) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $18.39 and last traded at $18.3110, with a volume of 594318 shares. The stock had previously closed at $17.96.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial upped their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Zacks Research cut Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Finally, Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.33.

Community Healthcare Trust Trading Up 2.0%

The business’s 50-day simple moving average is $17.44 and its two-hundred day simple moving average is $16.91. The company has a market capitalization of $523.15 million, a PE ratio of 166.48 and a beta of 0.73.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%.The business had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $31.03 million. On average, analysts forecast that Community Healthcare Trust Incorporated will post 1.86 EPS for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, May 11th. This represents a $1.92 annualized dividend and a yield of 10.5%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 1,745.45%.

Hedge Funds Weigh In On Community Healthcare Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of Community Healthcare Trust by 49.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 438,417 shares of the real estate investment trust’s stock valued at $6,708,000 after acquiring an additional 145,834 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in Community Healthcare Trust by 13.0% during the fourth quarter. Deprince Race & Zollo Inc. now owns 489,072 shares of the real estate investment trust’s stock worth $8,031,000 after purchasing an additional 56,126 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Community Healthcare Trust by 26.5% in the fourth quarter. Kennedy Capital Management LLC now owns 1,019,810 shares of the real estate investment trust’s stock worth $16,745,000 after purchasing an additional 213,349 shares during the period. Systematic Financial Management LP boosted its holdings in Community Healthcare Trust by 3.6% in the fourth quarter. Systematic Financial Management LP now owns 1,123,736 shares of the real estate investment trust’s stock worth $18,452,000 after purchasing an additional 38,532 shares during the period. Finally, Accel Wealth Management increased its stake in Community Healthcare Trust by 20.0% during the fourth quarter. Accel Wealth Management now owns 12,000 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 2,000 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Company Profile

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.