Community Healthcare Trust (NYSE:CHCT) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a hold rating to a buy rating in a report issued on Saturday morning.

CHCT has been the subject of a number of other research reports. Weiss Ratings raised shares of Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Truist Financial lifted their price objective on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Piper Sandler upped their target price on Community Healthcare Trust from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday. Zacks Research raised Community Healthcare Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Evercore set a $17.00 target price on Community Healthcare Trust in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Community Healthcare Trust Price Performance

Community Healthcare Trust stock opened at $17.07 on Friday. The stock’s 50 day moving average is $16.88 and its 200 day moving average is $15.60. The firm has a market cap of $487.75 million, a P/E ratio of 243.92 and a beta of 0.75. Community Healthcare Trust has a one year low of $13.23 and a one year high of $19.38.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, February 17th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The firm had revenue of $30.95 million for the quarter, compared to analyst estimates of $31.33 million. Community Healthcare Trust had a net margin of 4.21% and a return on equity of 1.16%. Equities analysts anticipate that Community Healthcare Trust will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, February 23rd will be paid a dividend of $0.4775 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.91 dividend on an annualized basis and a yield of 11.2%. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 2,714.29%.

Institutional Investors Weigh In On Community Healthcare Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of Community Healthcare Trust by 111.9% in the 3rd quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,129 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Community Healthcare Trust during the fourth quarter worth $49,000. Creative Financial Designs Inc. ADV raised its holdings in Community Healthcare Trust by 104.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,817 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Community Healthcare Trust by 992.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 4,107 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Community Healthcare Trust by 143.6% during the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 3,470 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.