Piper Sandler Issues Pessimistic Forecast for Community Healthcare Trust (NYSE:CHCT) Stock Price

Community Healthcare Trust (NYSE:CHCT) had its price target reduced by Piper Sandler from $19.00 to $18.00 in a research note published on Friday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the real estate investment trust’s stock.

Separately, Wall Street Zen upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.00.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT opened at $15.87 on Friday. Community Healthcare Trust has a twelve month low of $14.76 and a twelve month high of $27.62. The firm has a market cap of $449.72 million, a PE ratio of -69.00, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. The business has a fifty day moving average of $16.72 and a 200-day moving average of $18.19.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. The company had revenue of $29.73 million during the quarter, compared to analyst estimates of $29.71 million. On average, analysts anticipate that Community Healthcare Trust will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.47 dividend. The ex-dividend date of this dividend was Friday, May 9th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.85%. Community Healthcare Trust’s dividend payout ratio (DPR) is -606.45%.

Insider Buying and Selling

In other news, Director Cathrine Cotman acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was purchased at an average cost of $17.10 per share, for a total transaction of $51,300.00. Following the completion of the transaction, the director now directly owns 23,861 shares in the company, valued at $408,023.10. This trade represents a 14.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Community Healthcare Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Community Healthcare Trust by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,745,155 shares of the real estate investment trust’s stock worth $49,852,000 after purchasing an additional 19,081 shares during the period. Systematic Financial Management LP increased its position in Community Healthcare Trust by 0.5% in the first quarter. Systematic Financial Management LP now owns 1,041,329 shares of the real estate investment trust’s stock worth $18,911,000 after purchasing an additional 5,493 shares during the period. Focus Partners Wealth increased its position in Community Healthcare Trust by 285.4% in the fourth quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust’s stock worth $14,305,000 after purchasing an additional 551,445 shares during the period. Kennedy Capital Management LLC increased its position in Community Healthcare Trust by 23.3% in the fourth quarter. Kennedy Capital Management LLC now owns 717,342 shares of the real estate investment trust’s stock worth $13,780,000 after purchasing an additional 135,462 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Community Healthcare Trust by 43.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 681,352 shares of the real estate investment trust’s stock worth $12,373,000 after purchasing an additional 207,499 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.