Community Healthcare Trust Incorporated (NYSE:CHCT) Stock Has Average Target Price of $18.50 According to Analysts

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.50.

Several brokerages have issued reports on CHCT. Truist Financial raised their price objective 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. Piper Sandler reduced their price target on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Community Healthcare Trust in a research note on Wednesday, September 9th. Finally, Huntington assumed coverage on Community Healthcare Trust in a report on Friday, July 17th. They set an “outperform” rating and a $20.00 price objective for the company.

Insider Buying and Selling at Community Healthcare Trust

In related news, Director Robert Z. Hensley purchased 8,000 shares of Community Healthcare Trust stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $15.21 per share, with a total value of $121,680.00. Following the purchase, the director directly owned 103,702 shares of the company’s stock, valued at approximately $1,577,307.42. This represents a 8.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David H. Dupuy acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $15.13 per share, with a total value of $151,300.00. Following the acquisition, the chief executive officer directly owned 557,262 shares in the company, valued at $8,431,374.06. This represents a 1.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Community Healthcare Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Community Healthcare Trust during the second quarter valued at approximately $27,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Community Healthcare Trust in the second quarter valued at approximately $936,000. Bank of America Corp DE bought a new position in Community Healthcare Trust in the second quarter worth approximately $2,175,000. Odyssean LLC increased its holdings in Community Healthcare Trust by 18.1% during the 2nd quarter. Odyssean LLC now owns 31,238 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 4,779 shares during the period. Finally, Man Group plc bought a new stake in Community Healthcare Trust during the 2nd quarter valued at $1,072,000. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Stock Up 2.0%

Shares of CHCT opened at $13.62 on Wednesday. The business has a fifty day moving average of $15.05 and a 200 day moving average of $16.59. The company has a market cap of $390.38 million, a PE ratio of 20.33 and a beta of 0.68. Community Healthcare Trust has a 52-week low of $13.23 and a 52-week high of $19.17.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. The firm had revenue of $30.97 million during the quarter, compared to analysts’ expectations of $31.77 million. As a group, research analysts anticipate that Community Healthcare Trust will post 1.87 earnings per share for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 9.7%. This is a negative change from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date was Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio is 197.01%.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is a real estate investment trust focused on owning and operating healthcare-related properties. The company primarily invests in facilities that provide outpatient healthcare services, including medical office buildings, physician clinics, specialty facilities, behavioral health properties, ambulatory surgery centers and other healthcare-focused real estate.

Community Healthcare Trust generally targets properties located in non-urban and underserved communities across the United States.