Community Healthcare Trust Incorporated (NYSE:CHCT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Community Healthcare Trust Incorporated (NYSE:CHCT) has earned an average rating of “Moderate Buy” from the four research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $33.67.

A number of analysts have recently weighed in on CHCT shares. Truist Financial dropped their price target on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Evercore ISI lowered their target price on Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Finally, Piper Sandler lowered their target price on Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd.

Institutional Investors Weigh In On Community Healthcare Trust

Several large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its position in shares of Community Healthcare Trust by 264.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,323 shares during the period. Van ECK Associates Corp raised its holdings in shares of Community Healthcare Trust by 25.1% during the fourth quarter. Van ECK Associates Corp now owns 3,740 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 751 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Community Healthcare Trust during the third quarter worth $204,000. Advisor Partners II LLC purchased a new stake in shares of Community Healthcare Trust during the third quarter worth $208,000. Finally, UniSuper Management Pty Ltd raised its holdings in shares of Community Healthcare Trust by 8.7% during the third quarter. UniSuper Management Pty Ltd now owns 7,500 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 600 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Stock Down 0.4 %

NYSE:CHCT opened at $25.85 on Thursday. The business’s 50 day moving average is $26.36 and its two-hundred day moving average is $26.72. The company has a market cap of $715.79 million, a PE ratio of 123.10, a P/E/G ratio of 1.37 and a beta of 0.65. Community Healthcare Trust has a 52 week low of $24.50 and a 52 week high of $37.15.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.458 per share. The ex-dividend date was Friday, February 16th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.83 annualized dividend and a dividend yield of 7.09%. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 871.43%.

About Community Healthcare Trust

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. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).