Community Healthcare Trust Incorporated (NYSE:CHCT) Receives Average Recommendation of “Hold” from Brokerages

Community Healthcare Trust Incorporated (NYSE:CHCT) has been assigned a consensus rating of “Hold” from the four analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $30.33.

A number of brokerages have commented on CHCT. Evercore ISI reduced their price objective on Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Piper Sandler reissued a “neutral” rating and issued a $26.00 price target (down previously from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday. Finally, Truist Financial lowered their price objective on shares of Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th.

Community Healthcare Trust Price Performance

Shares of CHCT opened at $25.05 on Thursday. Community Healthcare Trust has a one year low of $24.50 and a one year high of $37.15. The company has a market cap of $693.63 million, a PE ratio of 119.43, a P/E/G ratio of 1.53 and a beta of 0.65. The stock has a 50-day moving average of $26.24 and a 200-day moving average of $26.64.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.46 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.84 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Thursday, May 9th. Community Healthcare Trust’s dividend payout ratio is presently 871.43%.

Hedge Funds Weigh In On Community Healthcare Trust

Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position in shares of Community Healthcare Trust by 264.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,323 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Community Healthcare Trust by 25.1% during the 4th quarter. Van ECK Associates Corp now owns 3,740 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 751 shares in the last quarter. MQS Management LLC purchased a new position in shares of Community Healthcare Trust in the 3rd quarter worth approximately $204,000. Advisor Partners II LLC purchased a new position in shares of Community Healthcare Trust in the 3rd quarter worth approximately $208,000. Finally, UniSuper Management Pty Ltd grew its holdings in shares of Community Healthcare Trust by 8.7% in the third quarter. UniSuper Management Pty Ltd now owns 7,500 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 600 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).