Analysts Set Community Healthcare Trust Incorporated (NYSE:CHCT) PT at $18.75

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT) have received an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.75.

A number of brokerages have weighed in on CHCT. Wall Street Zen downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial raised their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Huntington initiated coverage on Community Healthcare Trust in a research note on Friday. They issued an “outperform” rating and a $20.00 price target for the company. Finally, Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th.

Hedge Funds Weigh In On Community Healthcare Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Community Healthcare Trust by 49.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 438,417 shares of the real estate investment trust’s stock valued at $6,708,000 after purchasing an additional 145,834 shares in the last quarter. Kennedy Capital Management LLC increased its position in Community Healthcare Trust by 26.5% during the 4th quarter. Kennedy Capital Management LLC now owns 1,019,810 shares of the real estate investment trust’s stock worth $16,745,000 after purchasing an additional 213,349 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in Community Healthcare Trust by 13.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 489,072 shares of the real estate investment trust’s stock valued at $8,031,000 after buying an additional 56,126 shares during the period. Systematic Financial Management LP raised its holdings in Community Healthcare Trust by 3.6% in the fourth quarter. Systematic Financial Management LP now owns 1,123,736 shares of the real estate investment trust’s stock valued at $18,452,000 after buying an additional 38,532 shares during the period. Finally, Round Rock Advisors LLC acquired a new position in Community Healthcare Trust during the fourth quarter valued at approximately $375,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Price Performance

CHCT opened at $18.80 on Friday. The firm has a market capitalization of $537.01 million, a PE ratio of 170.88 and a beta of 0.71. The business’s 50-day moving average is $17.69 and its two-hundred day moving average is $17.19. 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 released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $31.03 million. Community Healthcare Trust had a net margin of 4.94% and a return on equity of 1.41%. As a group, sell-side analysts expect that Community Healthcare Trust will post 1.86 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors 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%. The ex-dividend date of this dividend was Monday, May 11th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. Community Healthcare Trust’s payout ratio is presently 1,745.45%.

Community Healthcare Trust Company Profile

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.