Community Healthcare Trust (NYSE:CHCT) Price Target Raised to $19.00

Community Healthcare Trust (NYSE:CHCT) had its target price boosted by Piper Sandler from $18.00 to $19.00 in a report published on Thursday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Robert W. Baird reduced their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and decreased their price objective for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Finally, Truist Financial cut their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Community Healthcare Trust Price Performance

NYSE CHCT opened at $18.41 on Thursday. The firm has a market capitalization of $519.90 million, a price-to-earnings ratio of -204.56, a price-to-earnings-growth ratio of 1.30 and a beta of 0.67. The company has a 50 day simple moving average of $17.42 and a 200-day simple moving average of $21.24. Community Healthcare Trust has a 52-week low of $15.06 and a 52-week high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The company had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. During the same period last year, the business earned $0.63 EPS. On average, analysts predict that Community Healthcare Trust will post 1.81 EPS for the current year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.465 dividend. This represents a $1.86 annualized dividend and a yield of 10.10%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio (DPR) is -2,055.56%.

Hedge Funds Weigh In On Community Healthcare Trust

A number of institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC acquired a new stake in Community Healthcare Trust in the 1st quarter worth $34,000. Hancock Whitney Corp bought a new stake in shares of Community Healthcare Trust in the 1st quarter worth approximately $217,000. SG Americas Securities LLC grew its holdings in shares of Community Healthcare Trust by 65.7% during the 2nd quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 3,630 shares in the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of Community Healthcare Trust during the third quarter valued at approximately $182,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Community Healthcare Trust in the second quarter valued at $243,000. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.