Community Healthcare Trust Inc (NYSE:CHCT) has been given an average recommendation of “Hold” by the nine analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $36.26.
A number of research firms have commented on CHCT. Berenberg Bank began coverage on shares of Community Healthcare Trust in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $41.00 target price for the company. Zacks Investment Research downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Janney Montgomery Scott downgraded shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th.
In other Community Healthcare Trust news, Director Horn R. Lawrence Van sold 4,053 shares of Community Healthcare Trust stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $37.74, for a total value of $152,960.22. Following the completion of the sale, the director now owns 19,439 shares of the company’s stock, valued at approximately $733,627.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.70% of the company’s stock.
Several hedge funds have recently modified their holdings of CHCT. Advisor Group Inc. bought a new stake in shares of Community Healthcare Trust during the 4th quarter valued at $31,000. Quantamental Technologies LLC bought a new stake in shares of Community Healthcare Trust during the 1st quarter valued at $36,000. Coastal Investment Advisors Inc. bought a new stake in shares of Community Healthcare Trust during the 2nd quarter valued at $59,000. Private Capital Group LLC bought a new stake in shares of Community Healthcare Trust during the 1st quarter valued at $74,000. Finally, KBC Group NV bought a new stake in shares of Community Healthcare Trust during the 2nd quarter valued at $74,000. 88.99% of the stock is owned by hedge funds and other institutional investors.
NYSE CHCT traded up $0.30 during mid-day trading on Friday, reaching $43.20. The stock had a trading volume of 180,800 shares, compared to its average volume of 91,617. Community Healthcare Trust has a 1 year low of $27.54 and a 1 year high of $43.89. The stock has a market cap of $838.51 million, a PE ratio of 27.17 and a beta of 0.73. The company has a fifty day moving average price of $41.25 and a 200 day moving average price of $37.35.
Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.32). Community Healthcare Trust had a return on equity of 1.32% and a net margin of 6.91%. The firm had revenue of $14.32 million during the quarter, compared to analysts’ expectations of $14.50 million. On average, research analysts expect that Community Healthcare Trust will post 1.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a $0.412 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, August 15th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 103.14%.
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 non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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