Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $23.83 and last traded at $24.09, with a volume of 5387 shares trading hands. The stock had previously closed at $23.91.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Evercore ISI reduced their target price on shares of 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. Piper Sandler reaffirmed a "neutral" rating and issued a $26.00 target price (down previously from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday, May 1st. Finally, Truist Financial dropped their price target on Community Healthcare Trust from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 16th. Four equities research analysts have rated the stock with a hold rating and one has given 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.
Read Our Latest Stock Report on Community Healthcare Trust
Community Healthcare Trust Stock Performance
The stock's fifty day simple moving average is $25.91 and its 200-day simple moving average is $26.47. The stock has a market cap of $672.30 million, a P/E ratio of 37.92, a P/E/G ratio of 1.39 and a beta of 0.64.
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 dividend of $0.46 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.84 dividend on an annualized basis and a yield of 7.58%. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.46. Community Healthcare Trust's dividend payout ratio is currently 287.50%.
Institutional Trading of Community Healthcare Trust
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Community Healthcare Trust by 0.6% during the third quarter. Vanguard Group Inc. now owns 2,874,455 shares of the real estate investment trust's stock worth $85,371,000 after purchasing an additional 17,877 shares during the period. Kennedy Capital Management LLC lifted its holdings in shares of Community Healthcare Trust by 0.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 515,038 shares of the real estate investment trust's stock worth $15,297,000 after acquiring an additional 4,265 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Community Healthcare Trust by 27.8% during the 1st quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust's stock worth $9,687,000 after acquiring an additional 79,421 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new position in Community Healthcare Trust in the first quarter valued at approximately $7,835,000. Finally, State of New Jersey Common Pension Fund D raised its position in Community Healthcare Trust by 8.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 248,354 shares of the real estate investment trust's stock valued at $6,616,000 after purchasing an additional 19,711 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.
Community Healthcare Trust Company Profile
(
Get Free Report)
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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