Community Healthcare Trust (NYSE:CHCT) Hits New 52-Week Low at $24.50

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT) hit a new 52-week low during trading on Friday . The stock traded as low as $24.50 and last traded at $24.52, with a volume of 118779 shares. The stock had previously closed at $24.92.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Evercore ISI decreased their price target on shares of Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Truist Financial decreased their target price on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Finally, Piper Sandler reissued a “neutral” rating and set a $26.00 price target (down from $36.00) on shares of Community Healthcare Trust in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.33.

Community Healthcare Trust Trading Down 2.2 %

The firm has a market cap of $674.93 million, a price-to-earnings ratio of 38.52, a PEG ratio of 1.43 and a beta of 0.64. The firm’s 50 day simple moving average is $26.16 and its two-hundred day simple moving average is $26.62.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.55%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, May 9th. Community Healthcare Trust’s payout ratio is presently 287.50%.

Institutional Trading of Community Healthcare Trust

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Community Healthcare Trust in the third quarter valued at approximately $339,000. State of Alaska Department of Revenue increased its stake in shares of Community Healthcare Trust by 5.1% in the third quarter. State of Alaska Department of Revenue now owns 27,452 shares of the real estate investment trust’s stock valued at $814,000 after buying an additional 1,330 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Community Healthcare Trust by 19.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,100 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 1,809 shares during the last quarter. Strs Ohio boosted its position in Community Healthcare Trust by 51.1% during the 3rd quarter. Strs Ohio now owns 131,896 shares of the real estate investment trust’s stock worth $3,917,000 after buying an additional 44,600 shares during the period. Finally, Advisor Partners II LLC bought a new stake in Community Healthcare Trust during the 3rd quarter worth approximately $208,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).