Community Healthcare Trust (NYSE:CHCT – Free Report) had its price objective increased by Piper Sandler from $14.00 to $16.00 in a research report report published on Thursday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the real estate investment trust’s stock.
Several other equities analysts have also commented on CHCT. Weiss Ratings lowered Community Healthcare Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Huntington initiated coverage on shares of Community Healthcare Trust in a research note on Friday, July 17th. They issued an “outperform” rating and a $20.00 target price for the company. Finally, Truist Financial dropped their price target on Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.50.
Check Out Our Latest Research Report on Community Healthcare Trust
Community Healthcare Trust Stock Performance
Shares of Community Healthcare Trust stock opened at $14.70 on Thursday. The stock’s fifty day moving average is $13.93 and its 200 day moving average is $16.32. The stock has a market cap of $422.33 million, a P/E ratio of 20.13 and a beta of 0.68. Community Healthcare Trust has a one year low of $12.58 and a one year high of $19.17.
Community Healthcare Trust (NYSE:CHCT – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $32.44 million for the quarter, compared to analysts’ expectations of $31.26 million. Community Healthcare Trust had a return on equity of 5.34% and a net margin of 17.76%. Analysts predict that Community Healthcare Trust will post 1.87 EPS for the current year.
Community Healthcare Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 13th will be paid a $0.33 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.32 annualized dividend and a dividend yield of 9.0%. Community Healthcare Trust’s payout ratio is 197.01%.
Insider Buying and Selling at Community Healthcare Trust
In related news, Director Robert Z. Hensley acquired 8,000 shares of Community Healthcare Trust stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $15.21 per share, for a total transaction of $121,680.00. Following the completion of the purchase, the director owned 103,702 shares in the company, valued at approximately $1,577,307.42. The trade was a 8.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David H. Dupuy bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $15.13 per share, with a total value of $151,300.00. Following the completion of the acquisition, the chief executive officer owned 557,262 shares of the company’s stock, valued at $8,431,374.06. This trade represents a 1.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Community Healthcare Trust
Institutional investors and hedge funds have recently made changes to their positions in the stock. Arrow Investment Advisors LLC raised its stake in Community Healthcare Trust by 8.1% in the third quarter. Arrow Investment Advisors LLC now owns 14,024 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 1,046 shares in the last quarter. Intrua Financial LLC lifted its holdings in Community Healthcare Trust by 10.3% during the 3rd quarter. Intrua Financial LLC now owns 12,822 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 1,202 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Community Healthcare Trust during the 2nd quarter worth about $27,000. Signaturefd LLC boosted its position in shares of Community Healthcare Trust by 201.1% during the 3rd quarter. Signaturefd LLC now owns 2,713 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,812 shares in the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of Community Healthcare Trust by 1,787.7% in the 3rd quarter. Fortitude Family Office LLC now owns 2,303 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,181 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.
Community Healthcare Trust Company Profile
Community Healthcare Trust Incorporated (NYSE: CHCT) is a real estate investment trust that owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.
Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.
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