Community Healthcare Trust Incorporated (NYSE:CHCT) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Community Healthcare Trust, with three holds and two buys. The average 12-month price target is $18.50, compared with the stock’s reported price of $15.13.
• CHCT’s latest quarterly results fell short of expectations, with earnings of $0.06 per share versus a $0.11 consensus estimate and revenue of $30.97 million versus $31.77 million expected.
• The company declared a quarterly dividend of $0.33, equivalent to an annualized $1.32 payout and an 8.7% yield, although its payout ratio is elevated at 286.57%. Institutional investors own 87.84% of the stock.

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) have received a consensus rating of "Hold" from the five analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $18.50.

Several analysts recently issued reports on CHCT shares. Weiss Ratings raised shares of Community Healthcare Trust from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, June 12th. Wall Street Zen lowered shares of Community Healthcare Trust from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Piper Sandler decreased their price target on shares of Community Healthcare Trust from $20.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday. Huntington started coverage on Community Healthcare Trust in a research report on Friday, July 17th. They issued an "outperform" rating and a $20.00 price target on the stock. Finally, 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 note on Thursday, June 11th.

Institutional Investors Weigh In On Community Healthcare Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Community Healthcare Trust in the 2nd quarter valued at $48,221,000. Deutsche Bank AG bought a new position in shares of Community Healthcare Trust during the 2nd quarter worth about $487,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Community Healthcare Trust during the 2nd quarter worth about $358,000. Bank of New York Mellon Corp acquired a new position in shares of Community Healthcare Trust during the second quarter valued at about $4,607,000. Finally, State of Wyoming acquired a new position in shares of Community Healthcare Trust during the second quarter valued at about $226,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Community Healthcare Trust Stock Performance

CHCT opened at $15.13 on Tuesday. The firm has a market cap of $433.47 million, a P/E ratio of 22.58 and a beta of 0.71. The business has a 50 day moving average price of $17.86 and a 200 day moving average price of $17.31. Community Healthcare Trust has a twelve month low of $13.23 and a twelve month high of $19.17.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. The company had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. As a group, analysts anticipate that Community Healthcare Trust will post 1.9 earnings per share for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Community Healthcare Trust's payout ratio is currently 286.57%.

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.

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