2 weeks Ago By ABMN Staff
Community Healthcare Trust Incorporated ( NYSE:CHCT – Get Free Report ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 1,080,000 shares, an increase of 47.2% from the August 31st total of 733,900 shares.
Based on an average daily trading volume, of 436,400 shares, the short-interest ratio is currently 2.5 days. Wall Street Analyst Weigh In Several analysts have issued reports on the stock.
Truist Financial reduced their price target on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 30th.
Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and decreased their price objective for the stock from $21.00 to $18.00 in a research note on Monday, September 16th.
StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Piper Sandler dropped their target price on Community Healthcare Trust from $21.
00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Finally, Robert W.
Baird reduced their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st.
One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Community Healthcare Trust has a consensus rating of “Hold” and a consensus target price of $20.75.
Check Out Our Latest Analysis on CHCT Insider Transactions at Community Healthcare Trust Institutional Trading of Community Healthcare Trust Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Community Healthcare Trust by 1.
8% in the first quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock worth $78,373,000 after buying an additional 53,282 shares during the last quarter.
Systematic Financial Management LP raised its stake in shares of Community Healthcare Trust by 8.0% in the 2nd quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock valued at $17,525,000 after acquiring an additional 55,558 shares in the last quarter.
Janus Henderson Group PLC lifted its holdings in Community Healthcare Trust by 5,664.3% in the 1st quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock worth $15,676,000 after purchasing an additional 580,199 shares during the last quarter.
Deprince Race & Zollo Inc. boosted its position in Community Healthcare Trust by 18.1% during the second quarter.
Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust’s stock worth $10,028,000 after purchasing an additional 65,642 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Community Healthcare Trust by 1.
9% during the second quarter. Dimensional Fund Advisors LP now owns 372,488 shares of the real estate investment trust’s stock valued at $8,712,000 after purchasing an additional 6,836 shares during the last quarter. 87.
84% of the stock is currently owned by hedge funds and other institutional investors. Community Healthcare Trust Stock Up 2.2 % Shares of CHCT traded up $0.
38 during trading hours on Friday, reaching $17.86. The company’s stock had a trading volume of 454,532 shares, compared to its average volume of 274,122.
The firm has a market cap of $494.74 million, a price-to-earnings ratio of 27.31, a P/E/G ratio of 1.
19 and a beta of 0.69. The company has a 50 day moving average of $19.
47 and a two-hundred day moving average of $22.83. Community Healthcare Trust has a 1-year low of $15.
06 and a 1-year high of $29.86. Community Healthcare Trust Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd.
Stockholders of record on Friday, August 9th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Friday, August 9th.
This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.
85 dividend on an annualized basis and a dividend yield of 10.36%. Community Healthcare Trust’s dividend payout ratio is 289.
06%. About Community Healthcare Trust ( Get Free Report ) 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). Read More 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 .
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