Community Healthcare Trust (NYSE:CHCT) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Community Healthcare Trust Incorporated (NYSE:CHCT)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.64 and traded as high as $18.35. Community Healthcare Trust shares last traded at $18.0670, with a volume of 134,541 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on CHCT. Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Finally, Truist Financial boosted their price objective 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. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.33.

Community Healthcare Trust Trading Up 1.6%

The business has a 50-day moving average price of $17.64 and a two-hundred day moving average price of $17.14. The stock has a market capitalization of $513.69 million, a P/E ratio of 163.47 and a beta of 0.71.

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

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 11th were issued a dividend of $0.48 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.7%. Community Healthcare Trust’s payout ratio is currently 1,745.45%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in Community Healthcare Trust during the fourth quarter worth $49,000. Creative Financial Designs Inc. ADV increased its stake in shares of Community Healthcare Trust by 104.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,817 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Community Healthcare Trust by 992.0% in the 4th quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 4,107 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Community Healthcare Trust by 143.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 3,470 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Community Healthcare Trust during the 2nd quarter worth $114,000. 87.84% of the stock is owned by 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.