Community Healthcare Trust (NYSE:CHCT) Given a $45.00 Price Target at Evercore ISI

Evercore ISI set a $45.00 target price on Community Healthcare Trust (NYSE:CHCTGet Rating) in a research note released on Monday morning, Stock Target Advisor reports.

Several other equities research analysts have also issued reports on CHCT. B. Riley reduced their target price on shares of Community Healthcare Trust from $50.00 to $43.00 and set a neutral rating for the company in a report on Tuesday, May 10th. TheStreet lowered shares of Community Healthcare Trust from a b- rating to a c+ rating in a report on Tuesday, June 14th. Finally, StockNews.com began coverage on shares of Community Healthcare Trust in a report on Thursday, March 31st. They issued a hold rating for the company.

NYSE CHCT opened at $34.88 on Monday. Community Healthcare Trust has a 52 week low of $32.57 and a 52 week high of $50.76. The firm has a market capitalization of $874.51 million, a P/E ratio of 40.56, a PEG ratio of 1.38 and a beta of 0.63. The company has a 50-day moving average price of $36.74 and a 200-day moving average price of $41.23.

Community Healthcare Trust (NYSE:CHCTGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). Community Healthcare Trust had a net margin of 24.50% and a return on equity of 4.90%. During the same quarter in the previous year, the business posted $0.57 EPS. As a group, analysts forecast that Community Healthcare Trust will post 2.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Friday, May 13th were issued a dividend of $0.44 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.44. This represents a $1.76 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date was Thursday, May 12th. Community Healthcare Trust’s dividend payout ratio (DPR) is 204.65%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Community Healthcare Trust by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 2,878,051 shares of the real estate investment trust’s stock valued at $121,483,000 after buying an additional 85,404 shares in the last quarter. State Street Corp grew its holdings in Community Healthcare Trust by 11.6% during the 1st quarter. State Street Corp now owns 1,502,304 shares of the real estate investment trust’s stock valued at $63,412,000 after buying an additional 156,449 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Community Healthcare Trust by 6.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,148,716 shares of the real estate investment trust’s stock valued at $48,487,000 after buying an additional 72,367 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Community Healthcare Trust by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 684,945 shares of the real estate investment trust’s stock valued at $28,911,000 after buying an additional 8,921 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Community Healthcare Trust by 4.1% during the 3rd quarter. Royal Bank of Canada now owns 534,081 shares of the real estate investment trust’s stock valued at $24,136,000 after buying an additional 20,901 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

About Community Healthcare Trust (Get Rating)

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. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.

Read More

Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.