Community Healthcare Trust (NYSE:CHCT) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a sell rating to a hold rating in a report issued on Tuesday morning.

A number of other research firms have also recently weighed in on CHCT. Piper Sandler raised their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and lowered their target price for the company from $21.00 to $18.00 in a research note on Monday, September 16th. Robert W. Baird reduced their price target on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Truist Financial lowered their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Community Healthcare Trust presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT opened at $18.61 on Tuesday. The company has a market capitalization of $525.55 million, a PE ratio of -206.78, a P/E/G ratio of 1.29 and a beta of 0.67. The company’s fifty day moving average is $17.56 and its 200-day moving average is $20.79. Community Healthcare Trust has a 52 week low of $15.06 and a 52 week high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.39). The firm had revenue of $29.64 million for the quarter, compared to the consensus estimate of $29.06 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. During the same period in the prior year, the company posted $0.63 earnings per share. On average, analysts forecast that Community Healthcare Trust will post 1.84 EPS for the current year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.465 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.99%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s payout ratio is presently -2,066.67%.

Hedge Funds Weigh In On Community Healthcare Trust

Several hedge funds have recently added to or reduced their stakes in CHCT. Lazard Asset Management LLC bought a new stake in Community Healthcare Trust during the 1st quarter worth about $34,000. Daiwa Securities Group Inc. grew its position in shares of Community Healthcare Trust by 11.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 840 shares during the period. SG Americas Securities LLC raised its stake in shares of Community Healthcare Trust by 6.8% during the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 618 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new position in Community Healthcare Trust in the third quarter valued at approximately $182,000. Finally, Point72 Asset Management L.P. acquired a new position in Community Healthcare Trust in the third quarter valued at approximately $198,000. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.