Community Healthcare Trust (NYSE:CHCT) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Community Healthcare Trust Incorporated (NYSE:CHCT) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.64 and traded as high as $15.82. Community Healthcare Trust shares last traded at $15.58, with a volume of 102,554 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CHCT shares. Weiss Ratings restated a “sell (d+)” rating on shares of Community Healthcare Trust in a report on Wednesday, October 8th. Zacks Research upgraded Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Truist Financial lowered their target price on shares of Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.00.

Community Healthcare Trust Trading Down 1.1%

The company’s 50 day simple moving average is $14.64 and its 200-day simple moving average is $15.55. The firm has a market cap of $443.58 million, a P/E ratio of -38.95 and a beta of 0.72.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $31.09 million during the quarter, compared to analysts’ expectations of $30.58 million. Community Healthcare Trust had a negative net margin of 6.27% and a negative return on equity of 1.66%. On average, sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid a dividend of $0.475 per share. The ex-dividend date was Friday, November 7th. This represents a $1.90 dividend on an annualized basis and a yield of 12.2%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s dividend payout ratio (DPR) is presently -475.00%.

Insider Activity

In other news, Director Cathrine Cotman purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of $14.66 per share, for a total transaction of $58,640.00. Following the purchase, the director directly owned 37,635 shares in the company, valued at approximately $551,729.10. This represents a 11.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Connors Investor Services Inc. boosted its position in Community Healthcare Trust by 13.0% in the third quarter. Connors Investor Services Inc. now owns 12,763 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,469 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Community Healthcare Trust by 4.5% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 39,832 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 1,710 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Community Healthcare Trust by 4.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 56,497 shares of the real estate investment trust’s stock worth $864,000 after purchasing an additional 2,535 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Community Healthcare Trust by 18.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 20,220 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 3,093 shares during the last quarter. Finally, Millennium Management LLC grew its position in Community Healthcare Trust by 1.8% during the third quarter. Millennium Management LLC now owns 470,671 shares of the real estate investment trust’s stock valued at $7,201,000 after buying an additional 8,160 shares during the period. 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.