Community Healthcare Trust (NYSE:CHCT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a sell rating to a hold rating in a research note issued to investors on Monday.

Several other equities research analysts have also commented on CHCT. Robert W. Baird dropped 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 note on Wednesday, July 31st. Truist Financial decreased 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. Piper Sandler lifted their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price target for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Price Performance

CHCT stock opened at $18.79 on Monday. The firm has a fifty day moving average price of $17.84 and a two-hundred day moving average price of $20.42. Community Healthcare Trust has a 1-year low of $15.06 and a 1-year high of $29.16. The firm has a market cap of $530.63 million, a price-to-earnings ratio of -208.78, a PEG ratio of 1.27 and a beta of 0.67.

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

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.465 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 annualized dividend and a yield of 9.90%. Community Healthcare Trust’s dividend payout ratio is currently -2,066.67%.

Institutional Investors Weigh In On Community Healthcare Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Systematic Financial Management LP increased its stake in Community Healthcare Trust by 8.0% in the 2nd quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock worth $17,525,000 after purchasing an additional 55,558 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Community Healthcare Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock worth $78,373,000 after buying an additional 53,282 shares during the period. LDR Capital Management LLC purchased a new position in shares of Community Healthcare Trust in the third quarter worth approximately $630,000. Algert Global LLC raised its holdings in shares of Community Healthcare Trust by 534.3% during the third quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust’s stock valued at $2,059,000 after acquiring an additional 95,557 shares during the period. Finally, Graham Capital Wealth Management LLC purchased a new stake in shares of Community Healthcare Trust in the 3rd quarter valued at approximately $2,650,000. 87.84% of the stock is owned by institutional investors and hedge funds.

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.