Community Healthcare Trust (NYSE:CHCT) Trading Down 6.3% - Should You Sell?

Shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) dropped 6.3% during trading on Wednesday . The stock traded as low as $18.84 and last traded at $18.55. Approximately 102,171 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 172,315 shares. The stock had previously closed at $19.80.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Truist Financial boosted their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Piper Sandler increased their target price on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Finally, StockNews.com raised Community Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Community Healthcare Trust has an average rating of "Hold" and a consensus price target of $21.25.

Community Healthcare Trust Stock Down 0.6 %

The business has a 50-day simple moving average of $19.32 and a two-hundred day simple moving average of $18.46. The stock has a market capitalization of $533.08 million, a P/E ratio of -81.78, a PEG ratio of 1.26 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $29.30 million for the quarter, compared to the consensus estimate of $29.85 million. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. On average, sell-side analysts forecast that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be issued a $0.4675 dividend. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a dividend yield of 9.94%. The ex-dividend date is Monday, February 24th. Community Healthcare Trust's payout ratio is presently -808.70%.

Institutional Investors Weigh In On Community Healthcare Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in Community Healthcare Trust by 136.1% in the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 905 shares in the last quarter. Quarry LP acquired a new position in Community Healthcare Trust during the 4th quarter worth about $88,000. KLP Kapitalforvaltning AS acquired a new position in Community Healthcare Trust during the 4th quarter worth about $108,000. Daiwa Securities Group Inc. grew its holdings in Community Healthcare Trust by 11.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust's stock worth $151,000 after acquiring an additional 840 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Community Healthcare Trust in the 4th quarter valued at about $163,000. 87.84% of the stock is 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.