Community Healthcare Trust (NYSE:CHCT) Raised 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 note published on Monday morning, MarketBeat reports. Evercore ISI currently has $18.00 target price on the real estate investment trust’s stock, down from their previous target price of $21.00.

Other equities research analysts have also recently issued reports about the company. Piper Sandler reduced their price objective on Community Healthcare Trust from $21.00 to $18.00 and set a neutral rating on the stock in a research note on Monday, September 9th. StockNews.com lowered shares of Community Healthcare Trust from a hold rating to a sell rating in a report on Tuesday, August 20th. Robert W. Baird dropped their price target 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, July 31st. Finally, Truist Financial reduced their price objective 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, Community Healthcare Trust currently has an average rating of Hold and a consensus price target of $20.75.

Community Healthcare Trust Trading Up 2.5 %

Shares of Community Healthcare Trust stock opened at $17.82 on Monday. The firm has a market cap of $493.63 million, a PE ratio of 27.84, a PEG ratio of 1.11 and a beta of 0.69. The stock has a 50 day moving average of $20.77 and a 200 day moving average of $23.33. Community Healthcare Trust has a 12 month low of $15.06 and a 12 month high of $32.67.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 10.38%. The ex-dividend date of this dividend 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 Activity at Community Healthcare Trust

In related news, CEO David H. Dupuy acquired 10,000 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $19.48 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Robert Z. Hensley purchased 6,500 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $19.50 per share, with a total value of $126,750.00. Following the completion of the acquisition, the director now owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David H. Dupuy bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased 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 in the company, valued at $7,082,246.20. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Community Healthcare Trust during the second quarter worth about $243,000. Systematic Financial Management LP increased its stake in Community Healthcare Trust by 8.0% during the 2nd quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock worth $17,525,000 after buying an additional 55,558 shares in the last quarter. Creative Planning acquired a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $306,000. Algert Global LLC lifted its position in shares of Community Healthcare Trust by 131.6% in the second quarter. Algert Global LLC now owns 17,883 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 10,160 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Community Healthcare Trust by 65.5% in the second quarter. The Manufacturers Life Insurance Company now owns 17,582 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 6,957 shares during the last quarter. Hedge funds and other institutional investors 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).