Community Healthcare Trust (NYSE:CHCT) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Community Healthcare Trust Incorporated (NYSE:CHCT) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $17.64 and traded as high as $18.35. Community Healthcare Trust shares last traded at $18.0670, with a volume of 134,541 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHCT. Wall Street Zen lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial raised their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.33.

Community Healthcare Trust Trading Up 0.3%

The company’s 50-day moving average price is $17.64 and its two-hundred day moving average price is $17.13. The company has a market cap of $516.21 million, a P/E ratio of 164.26 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%.The business had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.03 million. Equities analysts forecast that Community Healthcare Trust Incorporated will post 1.86 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 10.6%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date was Monday, May 11th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 1,745.45%.

Institutional Investors Weigh In On Community Healthcare Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of Community Healthcare Trust during the 4th quarter worth $49,000. Creative Financial Designs Inc. ADV raised its position in shares of Community Healthcare Trust by 104.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,817 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Community Healthcare Trust by 992.0% during the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 4,107 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Community Healthcare Trust by 143.6% during the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 3,470 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Community Healthcare Trust during the second quarter valued at $114,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

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.