Community Healthcare Trust (NYSE:CHCT) Hits New 1-Year Low at $24.50

Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $24.50 and last traded at $24.52, with a volume of 118779 shares traded. The stock had previously closed at $24.92.

Analyst Upgrades and Downgrades

CHCT has been the topic of several analyst reports. Piper Sandler reiterated a "neutral" rating and set a $26.00 price target (down previously from $36.00) on shares of Community Healthcare Trust in a research note on Wednesday. Evercore ISI dropped their target price on Community Healthcare Trust from $32.00 to $30.00 and set an "in-line" rating for the company in a report on Tuesday, April 16th. Finally, Truist Financial cut their price target on shares of Community Healthcare Trust from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Community Healthcare Trust presently has a consensus rating of "Hold" and an average price target of $30.33.

Community Healthcare Trust Trading Down 2.2 %

The company has a market capitalization of $674.93 million, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 1.43 and a beta of 0.64. The stock's fifty day simple moving average is $26.16 and its 200-day simple moving average is $26.62.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 7.55%. The ex-dividend date is Thursday, May 9th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.46. Community Healthcare Trust's payout ratio is 287.50%.

Institutional Investors Weigh In On Community Healthcare Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. raised its position in shares of Community Healthcare Trust by 1.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 26,230 shares of the real estate investment trust's stock worth $779,000 after buying an additional 500 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Community Healthcare Trust by 1.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,755 shares of the real estate investment trust's stock worth $790,000 after purchasing an additional 527 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Community Healthcare Trust by 5.4% during the third quarter. Nisa Investment Advisors LLC now owns 11,055 shares of the real estate investment trust's stock valued at $328,000 after purchasing an additional 570 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Community Healthcare Trust by 8.7% during the 3rd quarter. UniSuper Management Pty Ltd now owns 7,500 shares of the real estate investment trust's stock valued at $223,000 after purchasing an additional 600 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Community Healthcare Trust by 2.5% in the fourth quarter. State of Alaska Department of Revenue now owns 28,141 shares of the real estate investment trust's stock worth $748,000 after purchasing an additional 689 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Community Healthcare Trust Company Profile

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 our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).

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