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

Community Healthcare Trust Incorporated (NYSE:CHCT) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.74 and traded as high as $17.29. Community Healthcare Trust shares last traded at $17.2810, with a volume of 159,310 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on CHCT. Zacks Research cut shares of Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Evercore set a $17.00 price target on shares of Community Healthcare Trust in a report on Thursday, February 19th. Truist Financial lowered their price target on shares of Community Healthcare Trust from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Community Healthcare Trust in a report on Monday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Community Healthcare Trust currently has an average rating of “Hold” and a consensus price target of $18.00.

Community Healthcare Trust Stock Up 1.2%

The firm has a market capitalization of $501.40 million, a PE ratio of 159.56 and a beta of 0.73. The business’s fifty day moving average price is $16.77 and its 200 day moving average price is $16.44.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly 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 firm had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $31.03 million. As a group, sell-side analysts forecast that Community Healthcare Trust Incorporated will post 1.86 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 11th will be given a $0.48 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. This represents a $1.92 annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Monday, May 11th. Community Healthcare Trust’s dividend payout ratio is 1,745.45%.

Institutional Investors Weigh In On Community Healthcare Trust

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc boosted its position in shares of Community Healthcare Trust by 111.9% in the third quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,129 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Community Healthcare Trust in the fourth quarter worth approximately $49,000. Creative Financial Designs Inc. ADV boosted its position 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 last quarter. Quadrant Capital Group LLC boosted its position in shares of Community Healthcare Trust by 992.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 4,107 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Community Healthcare Trust by 143.6% in the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 3,470 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

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.