Community Healthcare Trust Incorporated (CHCT) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Community Healthcare Trust Incorporated (NYSE:CHCT) from a hold rating to a sell rating in a research report report published on Friday.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Other research analysts have also issued reports about the company. BidaskClub raised Community Healthcare Trust from a hold rating to a buy rating in a research report on Wednesday, September 20th. ValuEngine lowered Community Healthcare Trust from a buy rating to a hold rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Community Healthcare Trust currently has a consensus rating of Hold and an average target price of $26.50.

Community Healthcare Trust (NYSE CHCT) opened at $27.43 on Friday. The stock has a market capitalization of $493.02, a price-to-earnings ratio of 18.80 and a beta of 1.01. Community Healthcare Trust has a 12-month low of $19.61 and a 12-month high of $27.99.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a $0.395 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.39. This represents a $1.58 annualized dividend and a dividend yield of 5.76%. Community Healthcare Trust’s dividend payout ratio (DPR) is 747.65%.

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in Community Healthcare Trust by 20.9% in the 1st quarter. Bank of America Corp DE now owns 5,141 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 888 shares in the last quarter. UBS Group AG increased its position in Community Healthcare Trust by 3.9% in the 1st quarter. UBS Group AG now owns 6,357 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 238 shares in the last quarter. American International Group Inc. increased its position in Community Healthcare Trust by 7.0% in the 1st quarter. American International Group Inc. now owns 7,759 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 510 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Community Healthcare Trust in the 2nd quarter valued at about $201,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Community Healthcare Trust in the 2nd quarter valued at about $204,000. 67.43% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.

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