Community Healthcare Trust (NYSE:CHCT) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

by · The Markets Daily

Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report)’s share price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $14.85 and traded as low as $13.43. Community Healthcare Trust shares last traded at $13.6650, with a volume of 411,347 shares trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Community Healthcare Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Piper Sandler decreased their price target on shares of Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Truist Financial dropped their price objective on shares of Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday. Finally, Huntington started coverage on shares of Community Healthcare Trust in a research report on Friday, July 17th. They set an “outperform” rating and a $20.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Community Healthcare Trust presently has an average rating of “Hold” and an average target price of $17.75.

View Our Latest Research Report on CHCT

Community Healthcare Trust Price Performance

The company has a fifty day moving average price of $14.75 and a 200 day moving average price of $16.53. The stock has a market cap of $389.04 million, a P/E ratio of 20.26 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm had revenue of $30.97 million during the quarter, compared to the consensus estimate of $31.77 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. As a group, sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.87 earnings per share for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.7%. This is a negative change from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Wednesday, August 19th. Community Healthcare Trust’s payout ratio is 197.01%.

Insider Transactions at Community Healthcare Trust

In other Community Healthcare Trust news, CEO David H. Dupuy bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $15.13 per share, with a total value of $151,300.00. Following the completion of the transaction, the chief executive officer directly owned 557,262 shares in the company, valued at approximately $8,431,374.06. The trade was a 1.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert Z. Hensley bought 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $15.21 per share, with a total value of $121,680.00. Following the completion of the transaction, the director owned 103,702 shares of the company’s stock, valued at $1,577,307.42. This represents a 8.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 5.30% of the stock is owned by company insiders.

Institutional Trading of Community Healthcare Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Community Healthcare Trust in the 2nd quarter worth $27,000. Legal & General Group Plc bought a new position in shares of Community Healthcare Trust during the second quarter valued at about $51,000. Quantbot Technologies LP bought a new position in shares of Community Healthcare Trust during the second quarter valued at about $58,000. PVG Asset Management Corp purchased a new position in Community Healthcare Trust during the second quarter worth about $189,000. Finally, State of Wyoming purchased a new position in Community Healthcare Trust during the second quarter worth about $226,000. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Company Profile

(Get Free Report)

Community Healthcare Trust Incorporated is a real estate investment trust focused on owning and operating healthcare-related properties. The company primarily invests in facilities that provide outpatient healthcare services, including medical office buildings, physician clinics, specialty facilities, behavioral health properties, ambulatory surgery centers and other healthcare-focused real estate.

Community Healthcare Trust generally targets properties located in non-urban and underserved communities across the United States.

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