News stories about Community Healthcare Trust (NYSE:CHCT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Community Healthcare Trust earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.6262650372153 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research analysts have commented on the stock. ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. TheStreet upgraded shares of Community Healthcare Trust from a “c” rating to a “b” rating in a research note on Monday, May 21st. B. Riley boosted their price target on shares of Community Healthcare Trust from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, May 11th. Zacks Investment Research upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Finally, Sandler O’Neill set a $28.00 price target on shares of Community Healthcare Trust and gave the stock a “buy” rating in a research note on Monday, February 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Community Healthcare Trust has a consensus rating of “Hold” and an average target price of $27.50.
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Shares of Community Healthcare Trust stock traded up $0.14 on Friday, reaching $27.59. 97,313 shares of the stock were exchanged, compared to its average volume of 161,901. Community Healthcare Trust has a 1-year low of $22.41 and a 1-year high of $30.64. The firm has a market cap of $501.59 million, a price-to-earnings ratio of 19.57 and a beta of 0.79.
Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). Community Healthcare Trust had a return on equity of 1.73% and a net margin of 10.96%. The firm had revenue of $10.96 million for the quarter, compared to analyst estimates of $10.52 million. equities analysts forecast that Community Healthcare Trust will post 1.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.80%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, May 17th. Community Healthcare Trust’s payout ratio is 113.48%.
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 non-urban markets throughout the United States. The Company had investments of approximately $413.3 million in 89 real estate properties, including one mortgage note, as of March 31, 2018, located in 27 states, totaling approximately 2.0 million square feet.