Community Healthcare Trust (NYSE:CHCT) Stock Rating Upgraded by StockNews.com

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

A number of other equities research analysts have also issued reports on CHCT. Piper Sandler increased their target price on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Truist Financial increased their target price on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Trading Up 1.4 %

Shares of NYSE CHCT opened at $20.14 on Wednesday. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $28.10. The stock has a market cap of $568.65 million, a PE ratio of -223.72, a P/E/G ratio of 1.32 and a beta of 0.68. The company has a 50-day moving average of $18.82 and a 200 day moving average of $19.15.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.39). Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The firm had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.06 million. During the same period last year, the company earned $0.63 EPS. On average, sell-side analysts forecast that Community Healthcare Trust will post 1.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Community Healthcare Trust

A number of hedge funds and other institutional investors have recently modified their holdings of CHCT. Daiwa Securities Group Inc. grew its stake in Community Healthcare Trust by 11.2% during the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 840 shares during the period. SG Americas Securities LLC grew its stake in Community Healthcare Trust by 6.8% during the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 618 shares during the period. Woodmont Investment Counsel LLC purchased a new stake in Community Healthcare Trust during the third quarter worth approximately $182,000. Point72 Asset Management L.P. purchased a new stake in Community Healthcare Trust during the third quarter worth approximately $198,000. Finally, Point72 DIFC Ltd purchased a new stake in Community Healthcare Trust during the third quarter worth approximately $201,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

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.