Community Healthcare Trust (NYSE:CHCT) Cut to Hold at Zacks Research

Zacks Research lowered shares of Community Healthcare Trust (NYSE:CHCT) from a strong-buy rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded Community Healthcare Trust from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Truist Financial boosted their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Evercore set a $17.00 price target on Community Healthcare Trust in a report on Thursday, February 19th. Finally, Piper Sandler upped their target price on Community Healthcare Trust from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.33.

Community Healthcare Trust Stock Up 0.4%

NYSE:CHCT opened at $17.08 on Thursday. Community Healthcare Trust has a 52-week low of $13.23 and a 52-week high of $19.01. The stock has a fifty day simple moving average of $16.97 and a 200-day simple moving average of $15.66. The company has a market capitalization of $488.06 million, a PE ratio of 244.08 and a beta of 0.75.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). Community Healthcare Trust had a net margin of 4.21% and a return on equity of 1.16%. The company had revenue of $30.95 million during the quarter, compared to analysts’ expectations of $31.33 million. As a group, equities analysts anticipate that Community Healthcare Trust will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.4775 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. This represents a $1.91 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Monday, February 23rd. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 2,728.57%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in shares of Community Healthcare Trust by 111.9% in the 3rd quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,129 shares during the period. Kestra Advisory Services LLC bought a new position in Community Healthcare Trust in the 4th quarter valued at about $49,000. Creative Financial Designs Inc. ADV raised its position in Community Healthcare Trust by 104.7% during the fourth 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 in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Community Healthcare Trust by 992.0% during the 4th quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 4,107 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Community Healthcare Trust by 143.6% in the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 3,470 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

About Community Healthcare Trust

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.