Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report) has been assigned an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $19.25.
A number of equities analysts have recently weighed in on CHCT shares. Truist Financial boosted their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Piper Sandler increased their price target on shares of Community Healthcare Trust from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday. Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Huntington started coverage on Community Healthcare Trust in a report on Friday, July 17th. They issued an “outperform” rating and a $20.00 price target for the company.
Check Out Our Latest Report on Community Healthcare Trust
Community Healthcare Trust Price Performance
Community Healthcare Trust (NYSE:CHCT – Get Free Report) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $31.03 million. On average, research analysts expect that Community Healthcare Trust will post 1.86 earnings per share for the current fiscal year.
Community Healthcare Trust Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were issued a $0.48 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.48. This represents a $1.92 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date of this dividend was Monday, May 11th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 1,745.45%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. PVG Asset Management Corp bought a new stake in Community Healthcare Trust in the second quarter valued at about $189,000. Quantinno Capital Management LP increased its holdings in shares of Community Healthcare Trust by 55.1% in the 1st quarter. Quantinno Capital Management LP now owns 53,958 shares of the real estate investment trust’s stock valued at $857,000 after acquiring an additional 19,176 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Community Healthcare Trust during the 1st quarter valued at approximately $461,000. Sei Investments Co. lifted its stake in Community Healthcare Trust by 34.1% during the first quarter. Sei Investments Co. now owns 360,542 shares of the real estate investment trust’s stock worth $5,729,000 after purchasing an additional 91,740 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Community Healthcare Trust by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 389,811 shares of the real estate investment trust’s stock worth $6,194,000 after purchasing an additional 7,975 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.
About Community Healthcare Trust
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.
Recommended Stories
- Five stocks we like better than Community Healthcare Trust
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.
