Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the four brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $37.50.
A number of brokerages recently commented on CHCT. Truist Financial cut their target price on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. Piper Sandler cut their target price on Community Healthcare Trust from $50.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Finally, Evercore ISI lowered Community Healthcare Trust from an “outperform” rating to an “in-line” rating and cut their target price for the company from $36.00 to $32.00 in a research note on Thursday, November 2nd.
Community Healthcare Trust Stock Up 4.5 %
Community Healthcare Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.458 per share. This represents a $1.83 annualized dividend and a dividend yield of 6.65%. The ex-dividend date of this dividend is Friday, February 16th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46. Community Healthcare Trust’s dividend payout ratio is presently 827.31%.
Institutional Trading of Community Healthcare Trust
Several large investors have recently made changes to their positions in CHCT. Point72 Hong Kong Ltd bought a new position in Community Healthcare Trust in the second quarter valued at about $27,000. CENTRAL TRUST Co boosted its holdings in Community Healthcare Trust by 80.0% in the second quarter. CENTRAL TRUST Co now owns 900 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. US Bancorp DE boosted its holdings in Community Healthcare Trust by 1,335.3% in the fourth quarter. US Bancorp DE now owns 1,665 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 1,549 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Community Healthcare Trust by 264.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,323 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Community Healthcare Trust by 196.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,794 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,189 shares during the last quarter. Institutional investors own 89.44% 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 our target sub-markets throughout the United States. As of September 30, 2023, the Company had investments of approximately $1.05 billion in 191 real estate properties (including a portion of one property accounted for as a sales-type lease and one property classified as held for sale).
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