Sandler O’Neill upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a hold rating to a buy rating in a report issued on Monday morning, Briefing.com Automated Import reports. Sandler O’Neill currently has $51.00 target price on the real estate investment trust’s stock.
Several other equities research analysts have also issued reports on the company. B. Riley lifted their price objective on Community Healthcare Trust from $38.00 to $42.00 and gave the company a neutral rating in a research note on Thursday, November 7th. ValuEngine lowered Community Healthcare Trust from a buy rating to a hold rating in a research note on Tuesday, September 10th. Zacks Investment Research lowered Community Healthcare Trust from a buy rating to a hold rating in a research note on Monday, October 28th. Finally, Evercore ISI reissued a hold rating on shares of Community Healthcare Trust in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Community Healthcare Trust currently has an average rating of Hold and an average target price of $43.18.
Shares of Community Healthcare Trust stock traded up $0.52 during trading hours on Monday, reaching $46.72. The company had a trading volume of 162,292 shares, compared to its average volume of 119,687. Community Healthcare Trust has a one year low of $27.54 and a one year high of $49.17. The business has a fifty day simple moving average of $45.76 and a 200 day simple moving average of $41.76. The firm has a market cap of $910.62 million, a PE ratio of 29.38 and a beta of 0.72.
Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.32). The business had revenue of $16.26 million for the quarter, compared to the consensus estimate of $15.54 million. Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.53%. As a group, equities research analysts predict that Community Healthcare Trust will post 1.66 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.415 per share. The ex-dividend date is Thursday, November 14th. Community Healthcare Trust’s dividend payout ratio is 104.40%.
In other Community Healthcare Trust news, COO W. Page Barnes sold 5,263 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $46.00, for a total transaction of $242,098.00. Following the sale, the chief operating officer now owns 190,463 shares in the company, valued at $8,761,298. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.70% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund raised its position in Community Healthcare Trust by 2.1% during the third quarter. Texas Permanent School Fund now owns 12,417 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 255 shares in the last quarter. 6 Meridian raised its position in Community Healthcare Trust by 1.4% during the second quarter. 6 Meridian now owns 22,006 shares of the real estate investment trust’s stock valued at $867,000 after purchasing an additional 310 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Community Healthcare Trust by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 8,272 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 325 shares in the last quarter. Comerica Bank raised its position in Community Healthcare Trust by 1.9% during the third quarter. Comerica Bank now owns 17,299 shares of the real estate investment trust’s stock valued at $803,000 after purchasing an additional 325 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Community Healthcare Trust by 1.3% during the second quarter. Arizona State Retirement System now owns 27,798 shares of the real estate investment trust’s stock valued at $1,096,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.
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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