Community Healthcare Trust (NYSE:CHCT) Given a $29.00 Price Target at B. Riley

B. Riley set a $29.00 price objective on Community Healthcare Trust (NYSE:CHCT) in a report released on Thursday, February 22nd, Marketbeat.com reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on CHCT. Zacks Investment Research downgraded Community Healthcare Trust from a hold rating to a sell rating in a research note on Friday, November 10th. ValuEngine downgraded Community Healthcare Trust from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, Sandler O’Neill set a $30.00 price objective on Community Healthcare Trust and gave the company a buy rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Community Healthcare Trust currently has a consensus rating of Hold and a consensus price target of $27.83.

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Shares of Community Healthcare Trust stock traded down $0.05 during mid-day trading on Thursday, hitting $25.81. The company had a trading volume of 136,531 shares, compared to its average volume of 174,448. Community Healthcare Trust has a 1-year low of $22.41 and a 1-year high of $30.64. The company has a market cap of $470.13, a P/E ratio of 122.91 and a beta of 0.91.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were given a $0.3975 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.40. This represents a $1.59 annualized dividend and a yield of 6.16%. The ex-dividend date was Thursday, February 15th. Community Healthcare Trust’s payout ratio is currently 757.18%.

A number of hedge funds and other institutional investors have recently modified their holdings of CHCT. Wells Fargo & Company MN increased its position in Community Healthcare Trust by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 8,515 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 200 shares during the period. TIAA CREF Investment Management LLC increased its position in Community Healthcare Trust by 40.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 61,649 shares of the real estate investment trust’s stock worth $1,578,000 after buying an additional 17,756 shares during the period. Northern Trust Corp increased its position in Community Healthcare Trust by 12.5% in the 2nd quarter. Northern Trust Corp now owns 163,935 shares of the real estate investment trust’s stock worth $4,195,000 after buying an additional 18,157 shares during the period. Vanguard Group Inc. increased its position in Community Healthcare Trust by 11.6% in the 2nd quarter. Vanguard Group Inc. now owns 622,120 shares of the real estate investment trust’s stock worth $15,920,000 after buying an additional 64,533 shares during the period. Finally, FMR LLC increased its position in Community Healthcare Trust by 2.8% in the 2nd quarter. FMR LLC now owns 632,864 shares of the real estate investment trust’s stock worth $16,195,000 after buying an additional 17,028 shares during the period. 92.11% of the stock is currently owned by institutional investors.

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About Community Healthcare Trust

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.

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