Community Healthcare Trust (NYSE:CHCT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other analysts have also recently commented on CHCT. Evercore set a $17.00 target price on Community Healthcare Trust in a report on Thursday. Weiss Ratings upgraded shares of Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 18th. Piper Sandler raised their price objective on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial boosted their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Zacks Research raised shares of Community Healthcare Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Community Healthcare Trust Stock Down 4.2%

NYSE:CHCT opened at $16.32 on Friday. The firm has a market cap of $466.26 million, a PE ratio of 233.18 and a beta of 0.75. Community Healthcare Trust has a 12 month low of $13.23 and a 12 month high of $19.01. The company’s 50-day moving average price is $16.89 and its two-hundred day moving average price is $15.60.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, February 17th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The firm had revenue of $30.95 million during the quarter, compared to the consensus estimate of $31.33 million. Community Healthcare Trust had a net margin of 4.21% and a return on equity of 1.16%. On average, research analysts expect that Community Healthcare Trust will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, February 23rd will be paid a dividend of $0.4775 per share. This represents a $1.91 annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Monday, February 23rd. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.48. Community Healthcare Trust’s payout ratio is 2,714.29%.

Hedge Funds Weigh In On Community Healthcare Trust

Several institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund boosted its stake in Community Healthcare Trust by 30.9% in the 3rd quarter. New York State Common Retirement Fund now owns 276,500 shares of the real estate investment trust’s stock worth $4,230,000 after purchasing an additional 65,341 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Community Healthcare Trust during the second quarter worth about $598,000. Y Intercept Hong Kong Ltd raised its position in Community Healthcare Trust by 211.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 180,818 shares of the real estate investment trust’s stock valued at $2,767,000 after buying an additional 122,794 shares during the last quarter. Acadian Asset Management LLC raised its position in Community Healthcare Trust by 6.4% in the 2nd quarter. Acadian Asset Management LLC now owns 308,225 shares of the real estate investment trust’s stock valued at $5,123,000 after buying an additional 18,594 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in Community Healthcare Trust by 7.2% during the 2nd quarter. Penserra Capital Management LLC now owns 64,713 shares of the real estate investment trust’s stock worth $1,076,000 after acquiring an additional 4,355 shares during the last quarter. Institutional investors 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.