Shares of Community Healthcare Trust Inc (NYSE:CHCT) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $47.78.

A number of research firms have recently issued reports on CHCT. Piper Sandler upped their target price on shares of Community Healthcare Trust from $38.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Colliers Securities assumed coverage on shares of Community Healthcare Trust in a research report on Wednesday, September 9th. They set a “buy” rating and a $52.00 price target on the stock. Zacks Investment Research cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Thursday, August 6th. Truist boosted their price target on shares of Community Healthcare Trust from $42.00 to $49.00 in a research report on Thursday, September 3rd. Finally, Colliers Secur. assumed coverage on shares of Community Healthcare Trust in a research report on Wednesday, September 9th. They set a “buy” rating and a $52.00 price target on the stock.

Community Healthcare Trust stock opened at $48.51 on Friday. Community Healthcare Trust has a 52-week low of $20.12 and a 52-week high of $52.33. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 83.64, a PEG ratio of 2.46 and a beta of 0.62. The company has a fifty day simple moving average of $46.96 and a 200-day simple moving average of $40.80.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.30). Community Healthcare Trust had a return on equity of 3.83% and a net margin of 19.46%. As a group, equities analysts expect that Community Healthcare Trust will post 1.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 17th were paid a $0.423 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Friday, August 14th. Community Healthcare Trust’s dividend payout ratio is currently 95.48%.

Several hedge funds have recently bought and sold shares of CHCT. Ensign Peak Advisors Inc acquired a new stake in Community Healthcare Trust in the first quarter valued at $69,000. Ameritas Investment Partners Inc. increased its position in shares of Community Healthcare Trust by 12.8% in the second quarter. Ameritas Investment Partners Inc. now owns 1,862 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 212 shares in the last quarter. Eii Capital Management Inc. purchased a new position in shares of Community Healthcare Trust in the second quarter valued at $137,000. Federated Hermes Inc. purchased a new stake in Community Healthcare Trust during the 2nd quarter worth about $164,000. Finally, Macquarie Group Ltd. purchased a new stake in Community Healthcare Trust during the 2nd quarter worth about $185,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.

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Analyst Recommendations for Community Healthcare Trust (NYSE:CHCT)

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