Zacks Investment Research Downgrades Community Healthcare Trust (NYSE:CHCT) to Hold

Zacks Investment Research lowered shares of Community Healthcare Trust (NYSE:CHCT) from a buy rating to a hold rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Separately, B. Riley lifted their price objective on shares of Community Healthcare Trust from $50.00 to $52.00 and gave the company a neutral rating in a research note on Tuesday, June 15th.

Shares of NYSE:CHCT opened at $48.02 on Wednesday. The company’s fifty day moving average price is $48.58 and its 200 day moving average price is $48.53. Community Healthcare Trust has a 12 month low of $42.63 and a 12 month high of $52.54. The firm has a market capitalization of $1.19 billion, a P/E ratio of 55.84, a P/E/G ratio of 2.02 and a beta of 0.48.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Monday, August 2nd. The real estate investment trust reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). Community Healthcare Trust had a return on equity of 4.92% and a net margin of 25.70%. Research analysts anticipate that Community Healthcare Trust will post 2.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Friday, August 13th were paid a $0.433 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.43. This represents a $1.73 dividend on an annualized basis and a yield of 3.61%. Community Healthcare Trust’s payout ratio is currently 83.98%.

Several institutional investors have recently modified their holdings of CHCT. Quantbot Technologies LP acquired a new position in shares of Community Healthcare Trust during the first quarter worth about $50,000. Russell Investments Group Ltd. purchased a new stake in Community Healthcare Trust during the second quarter worth about $62,000. Schroder Investment Management Group purchased a new stake in Community Healthcare Trust during the first quarter worth about $66,000. Harvest Fund Management Co. Ltd purchased a new stake in Community Healthcare Trust during the first quarter worth about $130,000. Finally, Mutual of America Capital Management LLC boosted its holdings in Community Healthcare Trust by 9.6% during the first quarter. Mutual of America Capital Management LLC now owns 3,014 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 264 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust, Inc engages in the acquisition of real estate properties that are leased to hospitals, doctors, healthcare systems, and other healthcare services providers. It invests in healthcare properties including outpatient treatment and diagnostic facilities, urgent care centers, acute care hospitals, ambulatory surgery centers, assisted living and long-term care facilities, medical office buildings, clinics, specialty hospitals and treatment centers.

See Also: When can a hold rating present a buying opportunity?

Get a free copy of the Zacks research report on Community Healthcare Trust (CHCT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.