Shares of Community Healthcare Trust Inc (NYSE:CHCT) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $31.67.

A number of research firms have issued reports on CHCT. Zacks Investment Research cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. ValuEngine cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. B. Riley lifted their target price on Community Healthcare Trust from $28.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, August 13th. Finally, UBS Group began coverage on Community Healthcare Trust in a research report on Friday, November 16th. They issued a “sell” rating on the stock.

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in shares of Community Healthcare Trust by 3.4% during the first quarter. Principal Financial Group Inc. now owns 132,381 shares of the real estate investment trust’s stock valued at $3,407,000 after purchasing an additional 4,408 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at about $120,000. Dupont Capital Management Corp acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at about $220,000. Aperio Group LLC acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at about $230,000. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at about $202,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Shares of NYSE CHCT traded down $0.14 during mid-day trading on Monday, reaching $31.03. The company had a trading volume of 62,554 shares, compared to its average volume of 80,618. Community Healthcare Trust has a one year low of $22.41 and a one year high of $32.81. The stock has a market capitalization of $577.70 million, a P/E ratio of 22.01 and a beta of 0.81.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend was Thursday, November 15th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.40. Community Healthcare Trust’s payout ratio is currently 114.89%.

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 $416.8 million in 91 real estate properties as of June 30, 2018, located in 27 states, totaling approximately 2.1 million square feet.

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