Shares of Community Healthcare Trust Inc (NYSE:CHCT) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $32.00.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Friday, August 10th. ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Monday, June 4th. SunTrust Banks reiterated a “buy” rating and issued a $36.00 price objective on shares of Community Healthcare Trust in a research note on Thursday, August 9th. Finally, B. Riley increased their price objective on shares of Community Healthcare Trust from $28.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, August 13th.

Several hedge funds have recently modified their holdings of CHCT. Rhumbline Advisers increased its stake in shares of Community Healthcare Trust by 45.7% during the 1st quarter. Rhumbline Advisers now owns 41,578 shares of the real estate investment trust’s stock worth $1,070,000 after purchasing an additional 13,033 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Community Healthcare Trust by 28.8% during the 1st quarter. Thrivent Financial for Lutherans now owns 17,210 shares of the real estate investment trust’s stock worth $443,000 after purchasing an additional 3,849 shares during the last quarter. Northern Trust Corp increased its stake in shares of Community Healthcare Trust by 2.4% during the 1st quarter. Northern Trust Corp now owns 219,298 shares of the real estate investment trust’s stock worth $5,645,000 after purchasing an additional 5,161 shares during the last quarter. BlackRock Inc. increased its stake in shares of Community Healthcare Trust by 3.2% during the 1st quarter. BlackRock Inc. now owns 2,634,830 shares of the real estate investment trust’s stock worth $67,821,000 after purchasing an additional 82,160 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its stake in shares of Community Healthcare Trust by 3.3% during the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 388,155 shares of the real estate investment trust’s stock worth $9,991,000 after purchasing an additional 12,548 shares during the last quarter. Institutional investors own 90.90% of the company’s stock.

NYSE:CHCT traded up $0.05 on Wednesday, hitting $29.91. The stock had a trading volume of 76,800 shares, compared to its average volume of 132,220. The firm has a market cap of $535.99 million, a price-to-earnings ratio of 21.18 and a beta of 0.80. Community Healthcare Trust has a 1 year low of $22.41 and a 1 year high of $32.81.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were paid a dividend of $0.403 per share. The ex-dividend date was Thursday, August 16th. This represents a $1.61 annualized dividend and a dividend yield of 5.39%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.40. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 114.18%.

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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