Community Healthcare Trust (NYSE:CHCT) Upgraded 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 issued to investors on Monday.

Other equities research analysts have also recently issued reports about the company. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their target price for the company from $21.00 to $18.00 in a report on Monday, September 16th. Piper Sandler increased 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. Robert W. Baird cut their target price on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Truist Financial lowered 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 report on Friday, August 30th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Community Healthcare Trust has an average rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Stock Performance

Shares of CHCT opened at $18.79 on Monday. Community Healthcare Trust has a fifty-two week low of $15.06 and a fifty-two week high of $29.16. The firm has a market cap of $530.63 million, a price-to-earnings ratio of -207.22, a PEG ratio of 1.27 and a beta of 0.67. The firm has a 50 day moving average price of $17.82 and a 200-day moving average price of $20.43.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The business had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.06 million. During the same quarter in the previous year, the business earned $0.63 EPS. As a group, equities research analysts predict that Community Healthcare Trust will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.465 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date was Friday, November 8th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently -2,066.67%.

Hedge Funds Weigh In On Community Healthcare Trust

Several hedge funds have recently made changes to their positions in the business. Systematic Financial Management LP boosted its holdings in Community Healthcare Trust by 8.0% in the second quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock valued at $17,525,000 after acquiring an additional 55,558 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Community Healthcare Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock worth $78,373,000 after purchasing an additional 53,282 shares during the period. LDR Capital Management LLC bought a new stake in shares of Community Healthcare Trust during the 3rd quarter valued at about $630,000. Graham Capital Wealth Management LLC purchased a new position in shares of Community Healthcare Trust during the third quarter valued at about $2,650,000. Finally, Peregrine Capital Management LLC raised its stake in Community Healthcare Trust by 15.5% in the second quarter. Peregrine Capital Management LLC now owns 246,109 shares of the real estate investment trust’s stock worth $5,756,000 after buying an additional 33,008 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

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.