Community Healthcare Trust (NYSE:CHCT) Price Target Lowered to $17.00 at Piper Sandler

Key Points

• Piper Sandler has lowered its price target for Community Healthcare Trust (NYSE:CHCT) from $18.00 to $17.00, maintaining a "neutral" rating on the stock.
• The stock traded up 0.8% to $15.46 during midday trading, with a market cap of $438.66 million and a 52-week high of $20.87.
• Community Healthcare Trust reported $0.50 earnings per share (EPS) for the last quarter, missing expectations by $0.04, and had a negative net margin of 6.25%.

Community Healthcare Trust (NYSE:CHCT - Free Report) had its price objective cut by Piper Sandler from $18.00 to $17.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

Community Healthcare Trust Price Performance

Shares of CHCT stock traded down $0.46 on Monday, hitting $14.49. The stock had a trading volume of 110,269 shares, compared to its average volume of 242,848. The firm has a market capitalization of $411.04 million, a P/E ratio of -37.11 and a beta of 0.69. Community Healthcare Trust has a 1 year low of $14.40 and a 1 year high of $20.87. The company's 50 day moving average price is $16.54 and its 200-day moving average price is $17.36.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). The firm had revenue of $30.13 million for the quarter, compared to analysts' expectations of $30.22 million. Community Healthcare Trust had a negative net margin of 6.25% and a negative return on equity of 1.59%. On average, equities analysts forecast that Community Healthcare Trust will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a dividend of $0.4725 per share. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.89 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date is Friday, August 8th. Community Healthcare Trust's payout ratio is presently -484.62%.

Insider Buying and Selling at Community Healthcare Trust

In other news, Director Horn R. Lawrence Van bought 11,815 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was bought at an average price of $16.37 per share, for a total transaction of $193,411.55. Following the transaction, the director owned 88,502 shares in the company, valued at $1,448,777.74. The trade was a 15.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 5.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Community Healthcare Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Community Healthcare Trust by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,745,155 shares of the real estate investment trust's stock valued at $49,852,000 after purchasing an additional 19,081 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of Community Healthcare Trust by 0.5% in the first quarter. Systematic Financial Management LP now owns 1,041,329 shares of the real estate investment trust's stock worth $18,911,000 after acquiring an additional 5,493 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Community Healthcare Trust by 285.4% during the 4th quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust's stock valued at $14,305,000 after purchasing an additional 551,445 shares in the last quarter. Kennedy Capital Management LLC increased its stake in Community Healthcare Trust by 23.3% during the 4th quarter. Kennedy Capital Management LLC now owns 717,342 shares of the real estate investment trust's stock worth $13,780,000 after purchasing an additional 135,462 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Community Healthcare Trust by 1.5% in the second quarter. Geode Capital Management LLC now owns 710,586 shares of the real estate investment trust's stock valued at $11,819,000 after buying an additional 10,286 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company'', we'', our'') was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.