Community Healthcare Trust (NYSE:CHCT) Sets New 52-Week Low at $24.50

Community Healthcare Trust Incorporated (NYSE:CHCT) shares hit a new 52-week low during trading on Friday . The stock traded as low as $24.50 and last traded at $24.52, with a volume of 118779 shares traded. The stock had previously closed at $24.92.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CHCT shares. Evercore ISI cut their price target on Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Piper Sandler reissued a “neutral” rating and set a $26.00 target price (down from $36.00) on shares of Community Healthcare Trust in a report on Wednesday. Finally, Truist Financial dropped their price target 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.33.

Community Healthcare Trust Price Performance

The firm’s 50-day simple moving average is $26.11 and its 200 day simple moving average is $26.57. The firm has a market capitalization of $675.05 million, a price-to-earnings ratio of 38.08, a P/E/G ratio of 1.43 and a beta of 0.64.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.46 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.84 annualized dividend and a dividend yield of 7.55%. The ex-dividend date of this dividend is Thursday, May 9th. Community Healthcare Trust’s dividend payout ratio is currently 285.94%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC grew its holdings in shares of Community Healthcare Trust by 264.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,323 shares during the last quarter. Van ECK Associates Corp boosted its position in Community Healthcare Trust by 25.1% in the fourth quarter. Van ECK Associates Corp now owns 3,740 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 751 shares in the last quarter. MQS Management LLC bought a new stake in shares of Community Healthcare Trust during the third quarter worth $204,000. Advisor Partners II LLC acquired a new position in shares of Community Healthcare Trust during the third quarter worth $208,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Community Healthcare Trust by 67.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 3,260 shares during the last quarter. Institutional investors and hedge funds own 87.84% 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 December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).