Community Healthcare Trust (NYSE:CHCT) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Community Healthcare Trust (NYSE:CHCT) from a hold rating to a sell rating in a report issued on Tuesday morning.

CHCT has been the subject of a number of other research reports. Piper Sandler reissued a neutral rating and issued a $26.00 price objective (down previously from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday, May 1st. Evercore ISI reaffirmed an underperform rating and set a $25.00 price objective (down previously from $27.00) on shares of Community Healthcare Trust in a research note on Wednesday, July 31st. Robert W. Baird decreased their target price on shares of Community Healthcare Trust from $29.00 to $25.00 and set a neutral rating on the stock in a research report on Wednesday, July 31st. Finally, Truist Financial dropped their price target on shares of Community Healthcare Trust from $35.00 to $30.00 and set a buy rating for the company in a research report on Monday, June 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Community Healthcare Trust has a consensus rating of Hold and a consensus price target of $26.50.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock opened at $19.18 on Tuesday. The business has a 50 day moving average price of $22.56 and a 200 day moving average price of $24.40. The company has a market capitalization of $531.31 million, a P/E ratio of 29.97, a P/E/G ratio of 1.24 and a beta of 0.68. Community Healthcare Trust has a 1 year low of $17.64 and a 1 year high of $33.59.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date was Friday, August 9th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 289.06%.

Insider Buying and Selling

In related news, CEO David H. Dupuy bought 10,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $19.48 per share, with a total value of $194,800.00. Following the completion of the transaction, the chief executive officer now directly owns 363,565 shares of the company’s stock, valued at $7,082,246.20. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Community Healthcare Trust news, CEO David H. Dupuy acquired 10,000 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the purchase, the chief executive officer now directly owns 363,565 shares in the company, valued at $7,082,246.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Z. Hensley acquired 6,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the completion of the acquisition, the director now directly owns 70,670 shares in the company, valued at $1,378,065. The disclosure for this purchase can be found here. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Community Healthcare Trust

Large investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Community Healthcare Trust by 1.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,755 shares of the real estate investment trust’s stock worth $790,000 after purchasing an additional 527 shares during the period. American Century Companies Inc. raised its stake in Community Healthcare Trust by 5.5% during the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 552 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Community Healthcare Trust by 3.9% in the first quarter. Illinois Municipal Retirement Fund now owns 14,703 shares of the real estate investment trust’s stock worth $390,000 after acquiring an additional 558 shares during the last quarter. Van ECK Associates Corp boosted its stake 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 acquiring an additional 751 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Community Healthcare Trust by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 919 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

About Community Healthcare Trust

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).