Community Healthcare Trust (NYSE:CHCT) Price Target Lowered to $19.00 at Truist Financial

Community Healthcare Trust (NYSE:CHCT) had its price target cut by Truist Financial from $20.00 to $19.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

CHCT has been the topic of a number of other reports. Piper Sandler boosted their target price on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Evercore set a $17.00 price target on shares of Community Healthcare Trust in a research note on Thursday, February 19th. Weiss Ratings upgraded shares of Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 18th. Zacks Research cut shares of Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Wall Street Zen upgraded Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Community Healthcare Trust Stock Performance

CHCT stock opened at $16.54 on Tuesday. The firm has a market cap of $472.58 million, a P/E ratio of 236.32 and a beta of 0.74. Community Healthcare Trust has a 1 year low of $13.23 and a 1 year high of $18.90. The stock has a 50-day simple moving average of $17.11 and a 200-day simple moving average of $15.78.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, February 17th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). The company had revenue of $30.95 million for the quarter, compared to analyst estimates of $31.33 million. Community Healthcare Trust had a return on equity of 1.16% and a net margin of 4.21%. On average, equities research analysts predict that Community Healthcare Trust will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.4775 per share. The ex-dividend date was Monday, February 23rd. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a yield of 11.5%. Community Healthcare Trust’s payout ratio is currently 2,728.57%.

Institutional Investors Weigh In On Community Healthcare Trust

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of Community Healthcare Trust by 111.9% during the third quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,129 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Community Healthcare Trust in the 4th quarter valued at approximately $49,000. Creative Financial Designs Inc. ADV increased its position in Community Healthcare Trust by 104.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,817 shares during the period. Quadrant Capital Group LLC raised its stake in 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 valued at $74,000 after acquiring an additional 4,107 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Community Healthcare Trust by 143.6% during the 3rd 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 period. 87.84% of the stock is currently owned by institutional investors.

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.