Brokerages Set Community Healthcare Trust Incorporated (NYSE:CHCT) Target Price at $33.67

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the four analysts that are currently covering the stock, Marketbeat.com reports. Two 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 analysts that have issued ratings on the stock in the last year is $33.67.

A number of equities analysts recently weighed in on CHCT shares. 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 research note on Tuesday, April 16th. Piper Sandler reduced their price objective on shares of Community Healthcare Trust from $40.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd. Finally, Truist Financial reduced their price objective on shares of Community Healthcare Trust from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, January 16th.

Community Healthcare Trust Stock Performance

NYSE CHCT traded down $0.20 on Thursday, reaching $25.65. The company had a trading volume of 68,855 shares, compared to its average volume of 177,552. The firm has a market capitalization of $710.25 million, a price-to-earnings ratio of 122.14, a price-to-earnings-growth ratio of 1.39 and a beta of 0.65. Community Healthcare Trust has a 1-year low of $24.50 and a 1-year high of $37.15. The company's fifty day moving average is $26.32 and its 200-day moving average is $26.72.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a $0.458 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 7.14%. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 16th. Community Healthcare Trust's dividend payout ratio is presently 871.43%.

Institutional Investors Weigh In On Community Healthcare Trust

A number of institutional investors and hedge funds have recently modified their holdings of CHCT. Quadrant Capital Group LLC raised its holdings in shares of Community Healthcare Trust by 264.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,323 shares during the period. Van ECK Associates Corp raised its holdings in Community Healthcare Trust by 25.1% in the 4th quarter. Van ECK Associates Corp now owns 3,740 shares of the real estate investment trust's stock valued at $100,000 after acquiring an additional 751 shares during the period. MQS Management LLC bought a new position in Community Healthcare Trust in the 3rd quarter valued at about $204,000. Advisor Partners II LLC bought a new position in Community Healthcare Trust in the 3rd quarter valued at about $208,000. Finally, PNC Financial Services Group Inc. raised its holdings in Community Healthcare Trust by 67.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust's stock valued at $215,000 after acquiring an additional 3,260 shares during the period. 87.84% of the stock is owned by institutional investors.

About Community Healthcare Trust

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).