Community Healthcare Trust (NYSE:CHCT) Hits New 12-Month High – Should You Buy?

Community Healthcare Trust Incorporated (NYSE:CHCTGet Free Report)’s share price reached a new 52-week high on Thursday . The stock traded as high as $18.66 and last traded at $18.6150, with a volume of 14237 shares trading hands. The stock had previously closed at $18.38.

Analysts Set New Price Targets

A number of analysts recently issued reports on CHCT shares. Wall Street Zen lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Finally, Truist Financial lifted 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. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Community Healthcare Trust presently has an average rating of “Hold” and a consensus target price of $18.33.

Check Out Our Latest Research Report on CHCT

Community Healthcare Trust Stock Up 0.8%

The stock has a market capitalization of $529.17 million, a P/E ratio of 168.38 and a beta of 0.71. The stock’s 50 day moving average price is $17.51 and its 200-day moving average price is $17.00.

Community Healthcare Trust (NYSE:CHCTGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The business had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.03 million. Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%. Analysts anticipate that Community Healthcare Trust Incorporated will post 1.86 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 11th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.48. Community Healthcare Trust’s dividend payout ratio is presently 1,745.45%.

Hedge Funds Weigh In On Community Healthcare Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Community Healthcare Trust by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,804,298 shares of the real estate investment trust’s stock valued at $42,906,000 after buying an additional 67,241 shares in the last quarter. Systematic Financial Management LP lifted its position in Community Healthcare Trust by 3.6% during 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 acquiring an additional 38,532 shares during the last quarter. Invesco Ltd. lifted its position in Community Healthcare Trust by 38.9% during the third quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock valued at $16,221,000 after acquiring an additional 297,179 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in Community Healthcare Trust by 26.5% in the fourth quarter. Kennedy Capital Management LLC now owns 1,019,810 shares of the real estate investment trust’s stock valued at $16,745,000 after acquiring an additional 213,349 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in Community Healthcare Trust by 0.7% in the third quarter. Focus Partners Wealth now owns 743,324 shares of the real estate investment trust’s stock valued at $11,373,000 after acquiring an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

About Community Healthcare Trust

(Get Free Report)

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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