Community Healthcare Trust Incorporated (NYSE:CHCT – Get Rating) – B. Riley increased their FY2022 earnings per share (EPS) estimates for Community Healthcare Trust in a report released on Wednesday, November 9th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings of $2.49 per share for the year, up from their previous forecast of $2.48. The consensus estimate for Community Healthcare Trust’s current full-year earnings is $2.46 per share. B. Riley also issued estimates for Community Healthcare Trust’s Q4 2022 earnings at $0.64 EPS and Q3 2023 earnings at $0.64 EPS.
A number of other brokerages also recently issued reports on CHCT. TheStreet downgraded Community Healthcare Trust from a “b-” rating to a “c+” rating in a report on Monday, September 26th. StockNews.com initiated coverage on Community Healthcare Trust in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Colliers Securities reduced their target price on Community Healthcare Trust to $39.00 in a research note on Friday, September 30th. Piper Sandler reduced their target price on Community Healthcare Trust from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 7th. Finally, Evercore ISI reduced their target price on Community Healthcare Trust to $42.00 in a research note on Thursday, October 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.80.
Community Healthcare Trust Stock Up 2.0 %
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in CHCT. Truist Financial Corp grew its holdings in Community Healthcare Trust by 9.7% in the 1st quarter. Truist Financial Corp now owns 8,509 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 751 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Community Healthcare Trust in the 1st quarter valued at $406,000. Naples Global Advisors LLC grew its holdings in shares of Community Healthcare Trust by 2.9% during the 1st quarter. Naples Global Advisors LLC now owns 31,660 shares of the real estate investment trust’s stock worth $1,336,000 after purchasing an additional 905 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Community Healthcare Trust by 4.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 9,934 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 400 shares during the period. Finally, Securian Asset Management Inc. grew its holdings in shares of Community Healthcare Trust by 5.0% during the 1st quarter. Securian Asset Management Inc. now owns 39,714 shares of the real estate investment trust’s stock worth $1,676,000 after purchasing an additional 1,900 shares during the period. 89.99% of the stock is owned by institutional investors and hedge funds.
Community Healthcare Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, November 10th will be paid a $0.445 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.44. This represents a $1.78 annualized dividend and a yield of 5.11%. The ex-dividend date is Wednesday, November 9th. Community Healthcare Trust’s dividend payout ratio is currently 205.81%.
Community Healthcare Trust Company Profile
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.
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