Community Healthcare Trust (NYSE:CHCT) Price Target Lowered to $25.00 at Robert W. Baird

Community Healthcare Trust (NYSE:CHCT) had its target price lowered by Robert W. Baird from $29.00 to $25.00 in a report issued on Wednesday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently issued reports on CHCT. Truist Financial cut their price objective on shares of Community Healthcare Trust from $35.00 to $30.00 and set a buy rating for the company in a research report on Monday, June 17th. Evercore ISI reduced their price target on shares of Community Healthcare Trust from $29.00 to $27.00 and set an in-line rating on the stock in a research report on Tuesday, July 16th. Finally, Piper Sandler reiterated a neutral rating and issued a $26.00 price objective (down from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $26.50.

Community Healthcare Trust Stock Down 1.9 %

Shares of NYSE:CHCT opened at $20.07 on Wednesday. Community Healthcare Trust has a 52-week low of $19.92 and a 52-week high of $36.71. The stock has a market cap of $563.16 million, a P/E ratio of 31.36, a PEG ratio of 1.24 and a beta of 0.68. The business has a fifty day moving average of $23.88 and a two-hundred day moving average of $25.14.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.4625 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.85 annualized dividend and a dividend yield of 9.22%. The ex-dividend date is Friday, August 9th. Community Healthcare Trust’s dividend payout ratio is currently 287.50%.

Institutional Trading of Community Healthcare Trust

Several institutional investors have recently added to or reduced their stakes in CHCT. Vanguard Group Inc. boosted its position in shares of Community Healthcare Trust by 0.6% during the third quarter. Vanguard Group Inc. now owns 2,874,455 shares of the real estate investment trust’s stock worth $85,371,000 after buying an additional 17,877 shares during the period. SG Americas Securities LLC grew its position in Community Healthcare Trust by 8.9% in the 4th quarter. SG Americas Securities LLC now owns 12,418 shares of the real estate investment trust’s stock valued at $331,000 after acquiring an additional 1,011 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Community Healthcare Trust by 2.5% during the fourth quarter. State of Alaska Department of Revenue now owns 28,141 shares of the real estate investment trust’s stock worth $748,000 after purchasing an additional 689 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Community Healthcare Trust by 46.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 70,659 shares of the real estate investment trust’s stock worth $1,915,000 after purchasing an additional 22,431 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Community Healthcare Trust in the fourth quarter valued at approximately $497,000. Institutional investors and hedge funds own 87.84% 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 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).