Community Healthcare Trust’s (CHCT) “Underperform” Rating Reaffirmed at Evercore ISI

Evercore ISI restated their underperform rating on shares of Community Healthcare Trust (NYSE:CHCT) in a report published on Wednesday, MarketBeat Ratings reports. They currently have a $25.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $27.00.

Several other brokerages also recently commented on CHCT. Truist Financial lowered their target price on shares of Community Healthcare Trust from $35.00 to $30.00 and set a buy rating for the company in a research note on Monday, June 17th. Piper Sandler reaffirmed a neutral rating and issued a $26.00 target price (down previously from $36.00) on shares of Community Healthcare Trust in a research note on Wednesday, May 1st. Finally, Robert W. Baird lowered their target price on shares of Community Healthcare Trust from $29.00 to $25.00 and set a neutral rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $26.50.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT opened at $20.07 on Wednesday. Community Healthcare Trust has a 52 week low of $19.92 and a 52 week high of $36.71. The company has a market capitalization of $563.16 million, a PE ratio of 31.36, a PEG ratio of 1.24 and a beta of 0.68. The company has a 50 day moving average price of $23.88 and a two-hundred day moving average price of $25.14.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 9.22%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, August 9th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 287.50%.

Institutional Investors Weigh In On Community Healthcare Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in CHCT. Lazard Asset Management LLC acquired a new stake in shares of Community Healthcare Trust during the first quarter worth $34,000. Quadrant Capital Group LLC increased its stake in Community Healthcare Trust by 264.1% in 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 buying an additional 1,323 shares during the last quarter. Van ECK Associates Corp increased its stake in Community Healthcare Trust by 25.1% in the 4th 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 during the last quarter. SG Americas Securities LLC increased its stake in Community Healthcare Trust by 65.7% in the 2nd quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 3,630 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in 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 buying an additional 3,260 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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).