Piper Sandler Issues Positive Forecast for Community Healthcare Trust (NYSE:CHCT) Stock Price

Community Healthcare Trust (NYSE:CHCT) had its price target increased by Piper Sandler from $18.00 to $19.00 in a research report sent to investors on Thursday, Benzinga reports. Piper Sandler currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on the stock. Robert W. Baird cut their target price 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. StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Truist Financial decreased their target price on 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. Finally, Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and cut their price target for the company from $21.00 to $18.00 in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Community Healthcare Trust currently has an average rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Stock Down 1.0 %

Shares of CHCT opened at $18.76 on Thursday. Community Healthcare Trust has a 1 year low of $15.06 and a 1 year high of $29.16. The company has a 50 day simple moving average of $17.43 and a two-hundred day simple moving average of $21.32.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 9.91%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, November 8th. Community Healthcare Trust’s dividend payout ratio is currently -2,055.56%.

Insider Buying and Selling

In related news, CEO David H. Dupuy acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the transaction, the chief executive officer now directly owns 363,565 shares in the company, valued at approximately $7,082,246.20. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO David H. Dupuy acquired 10,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $19.48 per share, with a total value of $194,800.00. Following the completion of the purchase, the chief executive officer now directly owns 363,565 shares of the company’s stock, valued at $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Z. Hensley acquired 6,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the transaction, the director now directly owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by company insiders.

Institutional Trading of Community Healthcare Trust

Institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Community Healthcare Trust by 1.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,755 shares of the real estate investment trust’s stock worth $790,000 after acquiring an additional 527 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Community Healthcare Trust by 10.5% during the first quarter. Janney Montgomery Scott LLC now owns 52,366 shares of the real estate investment trust’s stock valued at $1,390,000 after purchasing an additional 4,985 shares during the period. Mesirow Institutional Investment Management Inc. bought a new position in shares of Community Healthcare Trust in the first quarter worth about $7,835,000. Illinois Municipal Retirement Fund increased its stake in Community Healthcare Trust by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,703 shares of the real estate investment trust’s stock worth $390,000 after buying an additional 558 shares during the period. Finally, Swiss National Bank lifted its holdings in Community Healthcare Trust by 2.6% during the 1st quarter. Swiss National Bank now owns 51,100 shares of the real estate investment trust’s stock valued at $1,357,000 after buying an additional 1,300 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.