Community Healthcare Trust Incorporated (NYSE:CHCT) Stock Has Average Target Price of $17.00 According to Brokerages

Key Points

• Analyst consensus is “Hold” for Community Healthcare Trust, with three hold ratings and two buys; the average 12-month price target is $17.00 versus the stock’s $13.02 opening price.
• The REIT’s latest quarterly results fell short of expectations, with earnings per share of $0.06 versus a $0.11 consensus estimate and revenue of $30.97 million versus $31.77 million expected.
• Community Healthcare Trust reduced its quarterly dividend from $0.48 to $0.33, resulting in an annualized dividend of $1.32 and a yield of about 10.1%; company insiders also purchased shares, while institutional investors own 87.84% of the stock.

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) have been given an average recommendation of "Hold" by the five ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.00.

Several research analysts have recently commented on the company. Huntington initiated coverage on Community Healthcare Trust in a research note on Friday, July 17th. They issued an "outperform" rating and a $20.00 price objective on the stock. Weiss Ratings cut Community Healthcare Trust from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Piper Sandler decreased their price target on Community Healthcare Trust from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, October 12th. Finally, Truist Financial lowered their target price on shares of Community Healthcare Trust from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Friday, October 9th.

Community Healthcare Trust Trading Up 0.7%

Community Healthcare Trust stock opened at $13.02 on Friday. The stock has a fifty day simple moving average of $14.21 and a two-hundred day simple moving average of $16.34. Community Healthcare Trust has a 12 month low of $12.58 and a 12 month high of $19.17. The firm has a market cap of $372.99 million, a price-to-earnings ratio of 19.43 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $30.97 million for the quarter, compared to analysts' expectations of $31.77 million. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. On average, equities research analysts forecast that Community Healthcare Trust will post 1.87 EPS for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were issued a $0.33 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.1%. This is a drop from Community Healthcare Trust's previous quarterly dividend of $0.48. Community Healthcare Trust's dividend payout ratio (DPR) is 197.01%.

Insider Activity at Community Healthcare Trust

In other news, Director Robert Z. Hensley bought 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of $15.21 per share, with a total value of $121,680.00. Following the completion of the transaction, the director directly owned 103,702 shares of the company's stock, valued at approximately $1,577,307.42. The trade was a 8.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David H. Dupuy purchased 10,000 shares of the firm's stock in a transaction on Friday, August 14th. The stock was acquired at an average price of $15.13 per share, with a total value of $151,300.00. Following the completion of the purchase, the chief executive officer owned 557,262 shares of the company's stock, valued at $8,431,374.06. The trade was a 1.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 5.30% of the company's stock.

Institutional Investors Weigh In On Community Healthcare Trust

Several hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Community Healthcare Trust in the second quarter worth about $27,000. Signaturefd LLC grew its position in Community Healthcare Trust by 201.1% in the third quarter. Signaturefd LLC now owns 2,713 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 1,812 shares during the period. Fortitude Family Office LLC boosted its stake in Community Healthcare Trust by 1,787.7% during the third quarter. Fortitude Family Office LLC now owns 2,303 shares of the real estate investment trust's stock worth $33,000 after buying an additional 2,181 shares during the period. Legal & General Group Plc acquired a new stake in shares of Community Healthcare Trust in the second quarter valued at $51,000. Finally, Quantbot Technologies LP acquired a new position in shares of Community Healthcare Trust in the second quarter valued at approximately $58,000. Hedge funds and other 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 owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.

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