Sandler O’Neill upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a hold rating to a buy rating in a research report released on Monday, Briefing.com Automated Import reports. They currently have $51.00 price target on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on CHCT. B. Riley boosted their price objective on shares of Community Healthcare Trust from $38.00 to $42.00 and gave the stock a neutral rating in a report on Thursday, November 7th. ValuEngine lowered shares of Community Healthcare Trust from a buy rating to a hold rating in a report on Tuesday, September 10th. Zacks Investment Research lowered shares of Community Healthcare Trust from a buy rating to a hold rating in a report on Monday, October 28th. Finally, Evercore ISI restated a hold rating on shares of Community Healthcare Trust in a report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $43.18.

NYSE CHCT traded up $0.52 during mid-day trading on Monday, reaching $46.72. The stock had a trading volume of 162,292 shares, compared to its average volume of 119,687. Community Healthcare Trust has a 1 year low of $27.54 and a 1 year high of $49.17. The stock has a market cap of $910.62 million, a PE ratio of 29.38 and a beta of 0.72. The company has a fifty day moving average price of $45.76 and a 200 day moving average price of $41.76.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Community Healthcare Trust had a return on equity of 1.53% and a net margin of 7.61%. The firm had revenue of $16.26 million during the quarter, compared to analysts’ expectations of $15.54 million. On average, research analysts expect that Community Healthcare Trust will post 1.66 earnings per share for the current year.

The business also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Thursday, November 14th. Community Healthcare Trust’s dividend payout ratio is presently 104.40%.

In other Community Healthcare Trust news, COO W. Page Barnes sold 5,263 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.00, for a total transaction of $242,098.00. Following the completion of the sale, the chief operating officer now directly owns 190,463 shares in the company, valued at approximately $8,761,298. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CHCT. Vanguard Group Inc. raised its stake in Community Healthcare Trust by 116.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,209,056 shares of the real estate investment trust’s stock valued at $87,059,000 after buying an additional 1,190,028 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Community Healthcare Trust by 38.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 511,814 shares of the real estate investment trust’s stock worth $20,171,000 after purchasing an additional 140,879 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Community Healthcare Trust by 22.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 480,235 shares of the real estate investment trust’s stock worth $18,926,000 after purchasing an additional 88,938 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Community Healthcare Trust in the 2nd quarter worth $3,036,000. Finally, BlackRock Inc. increased its stake in shares of Community Healthcare Trust by 2.6% in the 2nd quarter. BlackRock Inc. now owns 3,034,010 shares of the real estate investment trust’s stock worth $119,570,000 after purchasing an additional 75,936 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

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 non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.

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Analyst Recommendations for Community Healthcare Trust (NYSE:CHCT)

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