Community Healthcare Trust (NYSE:CHCT) Upgraded to “B” by TheStreet

TheStreet upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a c rating to a b rating in a research note published on Monday, May 21st.

A number of other research firms also recently issued reports on CHCT. Zacks Investment Research upgraded shares of Community Healthcare Trust from a sell rating to a hold rating in a research report on Tuesday, May 8th. Sandler O’Neill set a $30.00 target price on shares of Community Healthcare Trust and gave the company a buy rating in a research report on Wednesday, January 24th. B. Riley boosted their target price on shares of Community Healthcare Trust from $27.00 to $28.00 and gave the company a hold rating in a research report on Friday, May 11th. Finally, ValuEngine downgraded shares of Community Healthcare Trust from a buy rating to a hold rating in a report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $27.50.

Shares of Community Healthcare Trust stock traded up $0.12 during trading on Monday, reaching $27.74. 50,600 shares of the company traded hands, compared to its average volume of 145,667. Community Healthcare Trust has a 1-year low of $22.41 and a 1-year high of $30.64. The company has a market capitalization of $502.67 million, a PE ratio of 19.66 and a beta of 0.83.

The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $1.60 annualized dividend and a dividend yield of 5.77%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.40. Community Healthcare Trust’s dividend payout ratio is currently 113.48%.

Several hedge funds have recently made changes to their positions in CHCT. BlackRock Inc. raised its holdings in shares of Community Healthcare Trust by 188.0% in the fourth quarter. BlackRock Inc. now owns 2,552,670 shares of the real estate investment trust’s stock valued at $71,729,000 after purchasing an additional 1,666,339 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Community Healthcare Trust by 87.9% in the first quarter. Millennium Management LLC now owns 435,885 shares of the real estate investment trust’s stock valued at $11,220,000 after purchasing an additional 203,877 shares during the last quarter. Cardinal Capital Management LLC CT raised its holdings in shares of Community Healthcare Trust by 21.0% in the first quarter. Cardinal Capital Management LLC CT now owns 883,609 shares of the real estate investment trust’s stock valued at $22,744,000 after purchasing an additional 153,127 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Community Healthcare Trust by 70.8% in the fourth quarter. Bank of New York Mellon Corp now owns 312,331 shares of the real estate investment trust’s stock valued at $8,777,000 after purchasing an additional 129,451 shares during the last quarter. Finally, Foundry Partners LLC raised its holdings in shares of Community Healthcare Trust by 67.6% in the first quarter. Foundry Partners LLC now owns 217,695 shares of the real estate investment trust’s stock valued at $5,603,000 after purchasing an additional 87,820 shares during the last quarter. Institutional investors own 92.43% 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 non-urban markets throughout the United States. The Company had investments of approximately $413.3 million in 89 real estate properties, including one mortgage note, as of March 31, 2018, located in 27 states, totaling approximately 2.0 million square feet.

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