T. Rowe Price Investment Manageme recently announced the acquisition of new stake in Community Healthcare Trust Incorporated (NYSE:CHCT). This fresh investment now brings its stake to 4.16% valued currently at $37.69 million. In addition, PGIM, Inc. raised its holdings by 0.15 million to 0.59 million shares. And Connectus Wealth LLC has lifted its position by 0.99% or 5511.0 shares – to 0.56 million shares.
With over 0.3 million Community Healthcare Trust Incorporated (CHCT) shares trading Monday and a closing price of $41.73 on the day, the dollar volume was approximately $12.4 million. The shares have shown a positive half year performance of 12.12% and its price on 01/23/23 gained nearly 0.46%. Currently, there are 23.59M common shares owned by the public and among those 23.53M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for CHCT have a consensus price objective of $43.17. The analysts have set the share’s price value over the next 12 months at a high of $48.00 and a low of $38.00. The average price target is 2.57% above its recent price level and a downside to the estimated low will see the stock lose -9.82% over that period. But an upside of 13.06% will see the stock hit the forecast high price target while median target price for the stock is $43.00.
Insiders at the company have transacted a total of 18 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 214,870 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Community Healthcare Trust Incorporated are iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 1.75 million shares of the company’s stock, all valued at over $62.81 million. The company sold 1328.0 shares recently to bring their total holdings to about 6.94% of the shares outstanding. Vanguard Real Estate Index Fund sold 11457.0 shares to see its total holdings shrink to 1.06 million shares valued at over $38.13 million and representing 4.21% of the shares outstanding. Vanguard Total Stock Market Index bought 4598.0 shares to bring its total holdings to over 0.74 million shares at a value of $26.52 million. Vanguard Total Stock Market Index now owns shares totaling to 2.93% of the shares outstanding.
Shares of Community Healthcare Trust Incorporated (NYSE: CHCT) opened at $41.38, down -$0.16 from a prior closing price of $41.54. However, the script later moved the day high at 42.17, up 0.46%. The company’s stock has a 5-day price change of 2.73% and 33.62% over the past three months. CHCT shares are trading 16.56% year to date (YTD), with the 12-month market performance down to -5.35% lower. It has a 12-month low price of $30.38 and touched a high of $45.58 over the same period. CHCT has an average intraday trading volume of 124.06K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.45%, 15.96%, and 15.02% respectively.
Institutional ownership of Community Healthcare Trust Incorporated (NYSE: CHCT) shares accounts for 93.10% of the company’s 23.59M shares outstanding. Mutual fund holders own 49.85%, while other institutional holders and individual stakeholders account for 8.38% and 40.84% respectively.
It has a market capitalization of $1.05B and a beta (3y monthly) value of 0.70. The stock’s trailing 12-month PE ratio is 48.75, while the earnings-per-share (ttm) stands at $0.86. The company has a debt-to-equity ratio at 0.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.08% over the week and 2.32% over the month.
Analysts forecast that Community Healthcare Trust Incorporated (CHCT) will achieve an EPS of $0.24 for the current quarter, $0.25 for the next quarter and $1.11 for 2023. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.25. Comparatively, EPS for the current quarter was $0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 8.60%, and 17.02% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Community Healthcare Trust Incorporated (CHCT) as a “Strong Buy” at a consensus score of 1.80. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CHCT, a number of firms have released research notes about the stock. Janney stated their Buy rating for the stock in a research note on January 13, 2023, with the firm’s price target at $44. B. Riley Securities was of a view on November 05, 2020 that the stock is Neutral, while Robert W. Baird gave the stock Outperform rating on September 30, 2020, issuing a price target of $51. Colliers Securities on their part issued Buy rating on September 09, 2020.