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 research report report published on Tuesday morning.

CHCT has been the topic of a number of other reports. Piper Sandler lifted their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Robert W. Baird reduced their target price on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their target price for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. Finally, Truist Financial cut their price objective on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Trading Down 0.4 %

Shares of Community Healthcare Trust stock traded down $0.08 during trading on Tuesday, reaching $18.57. The company’s stock had a trading volume of 28,412 shares, compared to its average volume of 279,611. The business’s fifty day moving average price is $17.51 and its 200-day moving average price is $20.85. Community Healthcare Trust has a one year low of $15.06 and a one year high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). The business had revenue of $29.64 million during 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 quarter in the previous year, the firm posted $0.63 earnings per share. Equities research analysts forecast that Community Healthcare Trust will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.465 dividend. This represents a $1.86 annualized dividend and a dividend yield of 10.02%. The ex-dividend date is Friday, November 8th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio (DPR) is -2,066.67%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Paloma Partners Management Co bought a new position in shares of Community Healthcare Trust in the 3rd quarter valued at about $280,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Community Healthcare Trust in the 3rd quarter valued at about $722,000. Verition Fund Management LLC bought a new position in shares of Community Healthcare Trust in the 3rd quarter valued at about $851,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Community Healthcare Trust by 39.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,665 shares of the real estate investment trust’s stock valued at $811,000 after purchasing an additional 12,681 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Community Healthcare Trust by 257.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,226 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 17,455 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

About Community Healthcare Trust

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.