Community Healthcare Trust (NYSE:CHCT) Price Target Cut to $30.00 by Analysts at Evercore ISI

Community Healthcare Trust (NYSE:CHCT - Free Report) had its price target decreased by Evercore ISI from $32.00 to $30.00 in a research note released on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust's stock.

A number of other equities research analysts also recently weighed in on CHCT. Truist Financial cut their price target on 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. Piper Sandler lowered their price objective on Community Healthcare Trust from $40.00 to $36.00 and set an overweight rating on the stock in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $33.67.

Community Healthcare Trust Stock Down 0.8 %

Shares of CHCT traded down $0.20 during midday trading on Tuesday, reaching $24.73. 98,780 shares of the stock were exchanged, compared to its average volume of 183,148. Community Healthcare Trust has a 12-month low of $24.50 and a 12-month high of $37.15. The firm has a 50 day simple moving average of $26.43 and a 200-day simple moving average of $26.83. The company has a market cap of $684.77 million, a price-to-earnings ratio of 117.76, a P/E/G ratio of 1.34 and a beta of 0.65.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.458 per share. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 16th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 7.41%. Community Healthcare Trust's dividend payout ratio is currently 871.43%.

Institutional Trading of Community Healthcare Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new stake in Community Healthcare Trust in the 2nd quarter valued at approximately $27,000. US Bancorp DE grew its holdings in Community Healthcare Trust by 1,335.3% in the 4th quarter. US Bancorp DE now owns 1,665 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 1,549 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Community Healthcare Trust by 196.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,794 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 1,189 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in 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 buying an additional 1,323 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Community Healthcare Trust in the 2nd quarter valued at approximately $78,000. Institutional investors and hedge funds 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).