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

Community Healthcare Trust (NYSE:CHCT) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Other analysts also recently issued reports about the stock. Piper Sandler increased their price target 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 reduced their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Robert W. Baird reduced their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Finally, Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price objective for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Community Healthcare Trust presently has an average rating of “Hold” and a consensus price target of $21.00.

Community Healthcare Trust Trading Down 1.2 %

NYSE:CHCT opened at $18.38 on Monday. The company has a market cap of $519.09 million, a PE ratio of -204.89, a P/E/G ratio of 1.26 and a beta of 0.67. Community Healthcare Trust has a twelve month low of $15.06 and a twelve month high of $29.16. The company’s 50 day moving average is $17.80 and its two-hundred day moving average is $20.47.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 EPS 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 business 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 earnings per share. As a group, analysts expect that Community Healthcare Trust will post 1.84 EPS for the current fiscal year.

Institutional Trading of Community Healthcare Trust

A number of hedge funds and other institutional investors have recently modified their holdings of CHCT. Janus Henderson Group PLC lifted its holdings in Community Healthcare Trust by 5,664.3% in the first quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock valued at $15,676,000 after acquiring an additional 580,199 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Community Healthcare Trust by 1,395.6% in the 3rd quarter. Jane Street Group LLC now owns 492,063 shares of the real estate investment trust’s stock valued at $8,931,000 after purchasing an additional 459,163 shares during the last quarter. Phocas Financial Corp. purchased a new position in shares of Community Healthcare Trust during the 3rd quarter worth $3,689,000. Systematic Financial Management LP increased its position in shares of Community Healthcare Trust by 25.0% during the 3rd quarter. Systematic Financial Management LP now owns 936,753 shares of the real estate investment trust’s stock worth $17,002,000 after purchasing an additional 187,510 shares during the last quarter. Finally, Graham Capital Wealth Management LLC purchased a new stake in Community Healthcare Trust in the 3rd quarter valued at about $2,650,000. 87.84% of the stock is owned by institutional investors and hedge funds.

About Community Healthcare Trust

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.