Community Healthcare Trust (NYSE:CHCT) Price Target Increased to $45.00 by Analysts at Piper Sandler

Community Healthcare Trust (NYSE:CHCTGet Rating) had its target price raised by Piper Sandler from $41.00 to $45.00 in a report released on Tuesday morning, The Fly reports.

Several other research analysts have also commented on the stock. TheStreet lowered shares of Community Healthcare Trust from a b- rating to a c+ rating in a report on Monday, September 26th. Truist Financial cut their price objective on shares of Community Healthcare Trust to $43.00 in a report on Friday, December 2nd. Colliers Securities lowered their price objective on Community Healthcare Trust to $39.00 in a research report on Friday, September 30th. StockNews.com initiated coverage on Community Healthcare Trust in a research note on Wednesday, October 12th. They issued a hold rating for the company. Finally, Evercore ISI cut 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 four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Community Healthcare Trust presently has a consensus rating of Moderate Buy and a consensus price target of $43.50.

Community Healthcare Trust Stock Performance

Shares of CHCT stock opened at $40.69 on Tuesday. The firm’s 50-day simple moving average is $35.75 and its two-hundred day simple moving average is $35.76. Community Healthcare Trust has a 52 week low of $30.38 and a 52 week high of $46.84. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 47.31, a P/E/G ratio of 1.64 and a beta of 0.66.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Thursday, November 10th were given a $0.445 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.44. This represents a $1.78 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Wednesday, November 9th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 206.98%.

Institutional Trading of Community Healthcare Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new position in shares of Community Healthcare Trust in the second quarter valued at approximately $27,000. Lazard Asset Management LLC lifted its position in Community Healthcare Trust by 144.7% during the 2nd quarter. Lazard Asset Management LLC now owns 1,654 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 978 shares in the last quarter. KBC Group NV bought a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at about $66,000. Captrust Financial Advisors bought a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at about $78,000. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Community Healthcare Trust by 17.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,958 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 574 shares during the period. Institutional investors and hedge funds own 87.68% of the company’s stock.

About Community Healthcare Trust

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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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