Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.69 and last traded at $18.66, with a volume of 100337 shares. The stock had previously closed at $17.97.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on CHCT shares. Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Truist Financial raised their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Wall Street Zen downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Community Healthcare Trust has an average rating of “Hold” and an average target price of $18.33.
Check Out Our Latest Analysis on CHCT
Community Healthcare Trust Stock Up 3.5%
Community Healthcare Trust (NYSE:CHCT – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.03 million. Community Healthcare Trust had a net margin of 4.94% and a return on equity of 1.41%. On average, equities research analysts anticipate that Community Healthcare Trust Incorporated will post 1.86 EPS for the current year.
Community Healthcare Trust Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 11th were issued a $0.48 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.92 annualized dividend and a dividend yield of 10.3%. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 1,745.45%.
Institutional Investors Weigh In On Community Healthcare Trust
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in Community Healthcare Trust in the fourth quarter valued at $49,000. Creative Financial Designs Inc. ADV increased 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 during the last quarter. Quadrant Capital Group LLC lifted its position in Community Healthcare Trust by 992.0% during the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 4,107 shares during the last quarter. BNP Paribas Financial Markets boosted its position 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 acquiring an additional 3,470 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Community Healthcare Trust in the second quarter valued at approximately $114,000. 87.84% of the stock is currently 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 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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