Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.74 and traded as high as $17.29. Community Healthcare Trust shares last traded at $17.2810, with a volume of 159,310 shares.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 18th. Wall Street Zen cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial decreased their target price on shares of Community Healthcare Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Piper Sandler raised their target price on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Finally, Evercore set a $17.00 target price on shares of Community Healthcare Trust in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.00.
View Our Latest Stock Report on Community Healthcare Trust
Community Healthcare Trust Stock Performance
Community Healthcare Trust (NYSE:CHCT – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share (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 company had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $31.03 million. Sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.86 earnings per share for the current fiscal year.
Community Healthcare Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 11th will be issued a dividend of $0.48 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.92 dividend on an annualized basis and a yield of 11.1%. Community Healthcare Trust’s payout ratio is 1,745.45%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc grew its holdings in shares of Community Healthcare Trust by 111.9% in the third quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,129 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Community Healthcare Trust in the fourth quarter valued at $49,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Community Healthcare Trust by 104.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,817 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Community Healthcare Trust by 992.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 4,107 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Community Healthcare Trust by 143.6% in the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 3,470 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.
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.
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