Community Healthcare Trust Incorporated (NYSE:CHCT) Receives $18.50 Consensus Target Price from Analysts

Community Healthcare Trust Incorporated (NYSE:CHCT) has been given an average recommendation of “Hold” by the five brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.50.

A number of research analysts have recently commented on CHCT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Community Healthcare Trust in a research report on Wednesday. Truist Financial lifted their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Piper Sandler cut their price target on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Huntington started coverage on shares of Community Healthcare Trust in a research report on Friday, July 17th. They set an “outperform” rating and a $20.00 price target for the company.

Community Healthcare Trust Stock Performance

CHCT stock opened at $14.61 on Friday. The stock has a market capitalization of $418.43 million, a P/E ratio of 21.80 and a beta of 0.69. Community Healthcare Trust has a one year low of $13.23 and a one year high of $19.17. The company has a 50 day moving average price of $16.45 and a two-hundred day moving average price of $16.88.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The company had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. Research analysts forecast that Community Healthcare Trust will post 1.87 earnings per share for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were given a $0.33 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $1.32 annualized dividend and a yield of 9.0%. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 197.01%.

Insider Transactions at Community Healthcare Trust

In related news, Director Robert Z. Hensley acquired 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $15.21 per share, for a total transaction of $121,680.00. Following the completion of the acquisition, the director directly owned 103,702 shares of the company’s stock, valued at approximately $1,577,307.42. The trade was a 8.36% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David H. Dupuy purchased 10,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was acquired at an average price of $15.13 per share, for a total transaction of $151,300.00. Following the completion of the transaction, the chief executive officer owned 557,262 shares of the company’s stock, valued at $8,431,374.06. This represents a 1.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On Community Healthcare Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Community Healthcare Trust in the 2nd quarter worth approximately $48,221,000. Ameriprise Financial Inc. boosted its holdings in Community Healthcare Trust by 667.6% in the third quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock valued at $5,809,000 after acquiring an additional 330,203 shares during the last quarter. Kennedy Capital Management LLC increased its position in Community Healthcare Trust by 66.0% in the third quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock worth $12,339,000 after purchasing an additional 320,546 shares during the period. Invesco Ltd. increased its position in Community Healthcare Trust by 38.9% in the third quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock worth $16,221,000 after purchasing an additional 297,179 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Community Healthcare Trust during the 2nd quarter worth about $4,607,000. 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.