Community Healthcare Trust’s (CHCT) “Neutral” Rating Reaffirmed at Piper Sandler

Piper Sandler reissued their neutral rating on shares of Community Healthcare Trust (NYSE:CHCT) in a research note published on Wednesday, MarketBeat.com reports. Piper Sandler currently has a $26.00 price target on the real estate investment trust’s stock, down from their previous price target of $36.00.

CHCT has been the subject of several other reports. Evercore ISI cut their target price on shares of Community Healthcare Trust from $32.00 to $30.00 and set an in-line rating for the company in a research note on Tuesday, April 16th. Truist Financial cut their target price on shares of Community Healthcare Trust from $36.00 to $35.00 and set a buy rating for the company in a research note on Tuesday, January 16th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $30.33.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT opened at $25.05 on Wednesday. Community Healthcare Trust has a 52-week low of $24.50 and a 52-week high of $37.15. The company has a market capitalization of $693.63 million, a P/E ratio of 119.29, a price-to-earnings-growth ratio of 1.53 and a beta of 0.65. The company has a 50-day simple moving average of $26.24 and a 200 day simple moving average of $26.64.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, May 9th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.84 annualized dividend and a yield of 7.35%. Community Healthcare Trust’s dividend payout ratio (DPR) is 871.43%.

Institutional Investors Weigh In On Community Healthcare Trust

Several hedge funds have recently bought and sold shares of CHCT. Quadrant Capital Group LLC lifted its position in Community Healthcare Trust by 264.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,323 shares during the last quarter. Van ECK Associates Corp raised its position in shares of 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 buying an additional 751 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Community Healthcare Trust in the third quarter valued at approximately $204,000. Advisor Partners II LLC acquired a new stake in shares of Community Healthcare Trust in the third quarter valued at approximately $208,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Community Healthcare Trust by 67.9% in the fourth 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 in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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).