Community Healthcare Trust Inc (NYSE:CHCT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Community Healthcare Trust Inc (NYSE:CHCT) have been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $36.26.

Several analysts have recently issued reports on the stock. Janney Montgomery Scott cut shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Berenberg Bank began coverage on shares of Community Healthcare Trust in a report on Tuesday, April 23rd. They set a “buy” rating and a $41.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Friday.

In other news, Director Horn R. Lawrence Van sold 4,053 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $37.74, for a total transaction of $152,960.22. Following the transaction, the director now directly owns 19,439 shares in the company, valued at $733,627.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Community Healthcare Trust in the 1st quarter valued at approximately $28,926,000. Northern Trust Corp boosted its holdings in shares of Community Healthcare Trust by 3.6% in the 4th quarter. Northern Trust Corp now owns 253,343 shares of the real estate investment trust’s stock valued at $7,303,000 after buying an additional 8,809 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of Community Healthcare Trust by 4.7% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 214,750 shares of the real estate investment trust’s stock valued at $8,463,000 after buying an additional 9,550 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Community Healthcare Trust by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 193,745 shares of the real estate investment trust’s stock valued at $5,585,000 after buying an additional 10,370 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Community Healthcare Trust by 6.5% in the 4th quarter. Deutsche Bank AG now owns 145,810 shares of the real estate investment trust’s stock valued at $4,202,000 after buying an additional 8,958 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

NYSE CHCT traded down $0.07 during mid-day trading on Friday, reaching $42.78. The stock had a trading volume of 141,331 shares, compared to its average volume of 84,640. Community Healthcare Trust has a 1 year low of $27.54 and a 1 year high of $43.56. The firm has a market cap of $830.36 million, a PE ratio of 26.91 and a beta of 0.73. The business’s fifty day moving average price is $40.70.

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. Equities research analysts predict that Community Healthcare Trust will post 1.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.412 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.65 annualized dividend and a yield of 3.85%. Community Healthcare Trust’s payout ratio is 103.14%.

About Community Healthcare Trust

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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Analyst Recommendations for Community Healthcare Trust (NYSE:CHCT)

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