Community Healthcare Trust (NYSE:CHCT) Stock Price Expected to Rise, Truist Financial Analyst Says

Community Healthcare Trust (NYSE:CHCT - Free Report) had its price objective upped by Truist Financial from $22.00 to $23.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust's stock.

Several other analysts also recently weighed in on the stock. Evercore ISI upgraded shares of Community Healthcare Trust from an "underperform" rating to an "inline" rating and cut their price objective for the company from $21.00 to $18.00 in a research report on Monday, September 16th. StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Monday, November 25th. Finally, Piper Sandler lifted their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Community Healthcare Trust currently has an average rating of "Hold" and an average price target of $21.25.

Community Healthcare Trust Price Performance

CHCT traded down $0.59 during trading on Wednesday, hitting $18.26. The company had a trading volume of 316,294 shares, compared to its average volume of 275,945. Community Healthcare Trust has a 1-year low of $15.06 and a 1-year high of $28.10. The company has a market cap of $515.70 million, a PE ratio of -202.89, a P/E/G ratio of 1.24 and a beta of 0.68. The business has a 50-day moving average of $18.25 and a 200-day moving average of $19.91.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39). The firm had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same quarter in the previous year, the company earned $0.63 EPS. Research analysts forecast that Community Healthcare Trust will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.465 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a yield of 10.19%. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.42. Community Healthcare Trust's dividend payout ratio (DPR) is -2,066.67%.

Hedge Funds Weigh In On Community Healthcare Trust

Several large investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. lifted its position in shares of Community Healthcare Trust by 11.2% in 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 period. SG Americas Securities LLC raised its stake in shares of Community Healthcare Trust by 6.8% in the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust's stock valued at $177,000 after purchasing an additional 618 shares in the last quarter. Woodmont Investment Counsel LLC bought a new position in Community Healthcare Trust in the third quarter worth $182,000. Point72 Asset Management L.P. acquired a new stake in Community Healthcare Trust during the third quarter worth $198,000. Finally, Point72 DIFC Ltd acquired a new stake in Community Healthcare Trust during the third quarter worth $201,000. 87.84% of the stock is currently 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.