Community Healthcare Trust (NYSE:CHCT) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a sell rating to a hold rating in a research report released on Wednesday morning.

A number of other equities research analysts also recently weighed in on CHCT. Truist Financial lifted their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Piper Sandler lifted their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Price Performance

CHCT stock opened at $19.51 on Wednesday. The company has a fifty day moving average price of $18.76 and a two-hundred day moving average price of $19.17. Community Healthcare Trust has a one year low of $15.06 and a one year high of $28.10. The stock has a market cap of $550.91 million, a price-to-earnings ratio of -216.76, a price-to-earnings-growth ratio of 1.32 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The firm had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. During the same period in the prior year, the business posted $0.63 EPS. Research analysts anticipate that Community Healthcare Trust will post 1.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its stake in Community Healthcare Trust by 5.5% in the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 552 shares in the last quarter. SG Americas Securities LLC grew its position in Community Healthcare Trust by 6.8% in the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 618 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 840 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Community Healthcare Trust by 5.9% in the third quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 1,041 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Community Healthcare Trust by 3.1% in the third quarter. Public Employees Retirement System of Ohio now owns 35,739 shares of the real estate investment trust’s stock valued at $649,000 after acquiring an additional 1,082 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.