Community Healthcare Trust (NYSE:CHCT) Upgraded to “Inline” at Evercore ISI

Evercore ISI upgraded shares of Community Healthcare Trust (NYSE:CHCT) from an underperform rating to an inline rating in a research report released on Monday, MarketBeat reports. The brokerage currently has $18.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $21.00.

Other analysts have also recently issued reports about the company. Robert W. Baird lowered their price objective on 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. StockNews.com lowered shares of Community Healthcare Trust from a hold rating to a sell rating in a report on Tuesday, August 20th. Piper Sandler dropped their price objective on shares of Community Healthcare Trust from $21.00 to $18.00 and set a neutral rating for the company in a research note on Monday, September 9th. Finally, Truist Financial decreased their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a buy rating on the stock in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $20.75.

Community Healthcare Trust Stock Down 2.9 %

CHCT stock opened at $16.82 on Monday. Community Healthcare Trust has a twelve month low of $15.06 and a twelve month high of $32.24. The company has a market cap of $465.93 million, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69. The business’s 50-day simple moving average is $20.52 and its 200 day simple moving average is $23.22.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.4625 per share. The ex-dividend date was Friday, August 9th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.85 dividend on an annualized basis and a dividend yield of 11.00%. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 289.06%.

Insider Activity

In other news, Director Robert Z. Hensley purchased 6,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $19.50 per share, with a total value of $126,750.00. Following the acquisition, the director now directly owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Community Healthcare Trust news, Director Robert Z. Hensley purchased 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $19.50 per share, with a total value of $126,750.00. Following the acquisition, the director now directly owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David H. Dupuy bought 10,000 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $19.48 per share, with a total value of $194,800.00. Following the completion of the purchase, the chief executive officer now owns 363,565 shares of the company’s stock, valued at approximately $7,082,246.20. 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

Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in shares of Community Healthcare Trust by 5,664.3% in the first quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock valued at $15,676,000 after purchasing an additional 580,199 shares in the last quarter. Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Community Healthcare Trust in the 1st quarter valued at $7,835,000. Russell Investments Group Ltd. raised its position in shares of Community Healthcare Trust by 27.8% during the first quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock worth $9,687,000 after acquiring an additional 79,421 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Community Healthcare Trust by 18.1% during the second quarter. Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust’s stock valued at $10,028,000 after acquiring an additional 65,642 shares during the period. Finally, Systematic Financial Management LP boosted its holdings in Community Healthcare Trust by 8.0% in the second quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock valued at $17,525,000 after acquiring an additional 55,558 shares during the last quarter. 87.84% of the stock is 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).