Community Healthcare Trust (NYSE:CHCT) Sets New 12-Month High – Still a Buy?

Community Healthcare Trust Incorporated (NYSE:CHCT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.69 and last traded at $18.66, with a volume of 100337 shares trading hands. The stock had previously closed at $17.97.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHCT. Huntington initiated coverage on Community Healthcare Trust in a report on Friday. They issued an “outperform” rating and a $20.00 target price on the stock. Weiss Ratings upgraded Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Wall Street Zen lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Truist Financial upped their price target on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.75.

Community Healthcare Trust Price Performance

The company has a market cap of $536.97 million, a P/E ratio of 170.88 and a beta of 0.71. The company’s 50-day moving average is $17.69 and its two-hundred day moving average is $17.19.

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

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 11th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, May 11th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.48. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.2%. Community Healthcare Trust’s dividend payout ratio is currently 1,745.45%.

Institutional Investors Weigh In On Community Healthcare Trust

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in Community Healthcare Trust during the 4th quarter valued at about $49,000. Creative Financial Designs Inc. ADV grew its stake in shares of Community Healthcare Trust by 104.7% in 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 acquiring an additional 1,817 shares during the period. Quadrant Capital Group LLC raised 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 raised 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 bought a new position in Community Healthcare Trust during the second quarter valued at approximately $114,000. 87.84% of the stock is currently owned by institutional investors.

About Community Healthcare Trust

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.