Community Healthcare Trust Inc (NYSE:CHCT) has earned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $27.50.

A number of research analysts recently weighed in on CHCT shares. ValuEngine upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. B. Riley boosted their price target on shares of Community Healthcare Trust from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, May 11th. Zacks Investment Research upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Sandler O’Neill set a $28.00 price objective on shares of Community Healthcare Trust and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, TheStreet upgraded shares of Community Healthcare Trust from a “c” rating to a “b” rating in a research report on Monday, May 21st.

CHCT stock opened at $27.62 on Monday. Community Healthcare Trust has a twelve month low of $22.41 and a twelve month high of $30.64. The company has a market cap of $502.67 million, a PE ratio of 19.59 and a beta of 0.83.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were issued a dividend of $0.40 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.40. This represents a $1.60 annualized dividend and a dividend yield of 5.79%. The ex-dividend date was Thursday, May 17th. Community Healthcare Trust’s dividend payout ratio is presently 113.48%.

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Community Healthcare Trust by 70.8% in the fourth quarter. Bank of New York Mellon Corp now owns 312,331 shares of the real estate investment trust’s stock valued at $8,777,000 after buying an additional 129,451 shares during the period. Comerica Bank bought a new position in Community Healthcare Trust during the fourth quarter worth $463,000. American International Group Inc. lifted its stake in Community Healthcare Trust by 20.2% during the fourth quarter. American International Group Inc. now owns 13,665 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 2,292 shares during the last quarter. OppenheimerFunds Inc. bought a new position in Community Healthcare Trust during the fourth quarter worth $644,000. Finally, Rhumbline Advisers lifted its stake in Community Healthcare Trust by 51.6% during the fourth quarter. Rhumbline Advisers now owns 28,545 shares of the real estate investment trust’s stock worth $802,000 after purchasing an additional 9,712 shares during the last quarter. Institutional investors and hedge funds own 92.43% 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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