Community Healthcare Trust (NYSE:CHCT) Now Covered by Analysts at Huntington

Huntington initiated coverage on shares of Community Healthcare Trust (NYSE:CHCT) in a research report sent to investors on Friday, Marketbeat.com reports. The firm issued an outperform rating and a $20.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts have also commented on the company. Wall Street Zen lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Finally, Truist Financial upped their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Community Healthcare Trust has an average rating of “Hold” and an average target price of $18.75.

Community Healthcare Trust Price Performance

CHCT stock opened at $18.80 on Friday. The company’s 50-day moving average is $17.69 and its 200-day moving average is $17.19. The stock has a market capitalization of $536.97 million, a PE ratio of 170.88 and a beta of 0.71. Community Healthcare Trust has a 1 year low of $13.23 and a 1 year high of $19.13.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Community Healthcare Trust had a net margin of 4.94% and a return on equity of 1.41%. The firm had revenue of $31.52 million during the quarter, compared to analyst estimates of $31.03 million. On average, analysts anticipate that Community Healthcare Trust will post 1.86 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 10.2%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, May 11th. Community Healthcare Trust’s dividend payout ratio is presently 1,745.45%.

Hedge Funds Weigh In On Community Healthcare Trust

Hedge funds have recently added to or reduced their stakes in the company. PVG Asset Management Corp purchased a new position in Community Healthcare Trust in the 2nd quarter worth about $189,000. Quantinno Capital Management LP boosted its holdings in shares of Community Healthcare Trust by 55.1% during the 1st quarter. Quantinno Capital Management LP now owns 53,958 shares of the real estate investment trust’s stock valued at $857,000 after acquiring an additional 19,176 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Community Healthcare Trust in the first quarter worth approximately $461,000. Sei Investments Co. raised its holdings in shares of Community Healthcare Trust by 34.1% during the first quarter. Sei Investments Co. now owns 360,542 shares of the real estate investment trust’s stock valued at $5,729,000 after purchasing an additional 91,740 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Community Healthcare Trust by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 389,811 shares of the real estate investment trust’s stock valued at $6,194,000 after purchasing an additional 7,975 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other 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.