Community Healthcare Trust Incorporated (NYSE:CHCT) Stock Has Consensus Target Price of $18.50 According to Analysts

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT) have been assigned a consensus rating of “Hold” from the five analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $18.50.

CHCT has been the subject of several research analyst reports. Piper Sandler decreased their target price on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Huntington started coverage on shares of Community Healthcare Trust in a report on Friday, July 17th. They issued an “outperform” rating and a $20.00 price target on the stock. Truist Financial raised their price target on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Community Healthcare Trust in a report on Wednesday, September 9th.

Community Healthcare Trust Stock Performance

CHCT opened at $13.63 on Wednesday. The stock has a market cap of $390.50 million, a price-to-earnings ratio of 20.34 and a beta of 0.68. The stock’s 50 day moving average price is $15.27 and its 200-day moving average price is $16.63. Community Healthcare Trust has a one year low of $13.23 and a one year high of $19.17.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%.The business had revenue of $30.97 million for the quarter, compared to the consensus estimate of $31.77 million. As a group, analysts predict that Community Healthcare Trust will post 1.87 earnings per share for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.7%. This is a drop from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio is 197.01%.

Insider Activity at Community Healthcare Trust

In other news, CEO David H. Dupuy acquired 10,000 shares of Community Healthcare Trust stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $15.13 per share, for a total transaction of $151,300.00. Following the acquisition, the chief executive officer directly owned 557,262 shares of the company’s stock, valued at $8,431,374.06. This trade represents a 1.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert Z. Hensley acquired 8,000 shares of Community Healthcare Trust stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $15.21 per share, for a total transaction of $121,680.00. Following the completion of the acquisition, the director directly owned 103,702 shares in the company, valued at $1,577,307.42. This trade represents a 8.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On Community Healthcare Trust

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at about $27,000. Public Employees Retirement System of Ohio bought a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $936,000. Bank of America Corp DE bought a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $2,175,000. Odyssean LLC increased its holdings in Community Healthcare Trust by 18.1% during the second quarter. Odyssean LLC now owns 31,238 shares of the real estate investment trust’s stock valued at $571,000 after buying an additional 4,779 shares during the period. Finally, Man Group plc purchased a new position in Community Healthcare Trust during the second quarter valued at approximately $1,072,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE: CHCT) is a real estate investment trust focused on owning healthcare-related properties across the United States. The company primarily targets facilities located in non-urban and underserved communities, where healthcare providers often require specialized outpatient and community-based real estate.

Its portfolio has included outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, hospitals, and other properties used by healthcare providers.