Zacks Investment Research lowered shares of Community Healthcare Trust (NYSE:CHCT) from a buy rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Other equities research analysts also recently issued reports about the stock. B. Riley increased their price target on shares of Community Healthcare Trust from $28.00 to $32.00 and gave the stock a hold rating in a report on Monday, August 13th. TheStreet raised shares of Community Healthcare Trust from a c rating to a b rating in a report on Monday, May 21st. ValuEngine downgraded shares of Community Healthcare Trust from a buy rating to a hold rating in a report on Wednesday, May 2nd. Finally, SunTrust Banks restated a buy rating and issued a $36.00 price objective on shares of Community Healthcare Trust in a research report on Thursday, August 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $32.75.

Shares of Community Healthcare Trust stock opened at $31.53 on Wednesday. Community Healthcare Trust has a 12-month low of $22.41 and a 12-month high of $32.81. The stock has a market capitalization of $580.94 million, a PE ratio of 22.36 and a beta of 0.79.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a $0.403 dividend. This represents a $1.61 annualized dividend and a dividend yield of 5.11%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, August 16th. Community Healthcare Trust’s dividend payout ratio is 113.48%.

Several hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its position in Community Healthcare Trust by 326.2% during the second quarter. Advisors Asset Management Inc. now owns 204,819 shares of the real estate investment trust’s stock valued at $2,274,000 after acquiring an additional 156,766 shares during the last quarter. Millennium Management LLC grew its position in Community Healthcare Trust by 10.2% during the second quarter. Millennium Management LLC now owns 480,176 shares of the real estate investment trust’s stock valued at $14,343,000 after acquiring an additional 44,291 shares during the last quarter. MetLife Investment Advisors LLC grew its position in Community Healthcare Trust by 57.0% during the second quarter. MetLife Investment Advisors LLC now owns 10,565 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 3,835 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Community Healthcare Trust during the second quarter valued at approximately $313,000. Finally, Bank of America Corp DE grew its position in Community Healthcare Trust by 340.7% during the second quarter. Bank of America Corp DE now owns 38,787 shares of the real estate investment trust’s stock valued at $1,159,000 after acquiring an additional 29,986 shares during the last quarter. Institutional investors own 92.23% of the company’s stock.

About Community Healthcare Trust

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 $413.3 million in 89 real estate properties, including one mortgage note, as of March 31, 2018, located in 27 states, totaling approximately 2.0 million square feet.

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