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

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

A number of other brokerages have also recently weighed in on CHCT. 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. Piper Sandler increased their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and a consensus price target of $21.25.

Community Healthcare Trust Trading Up 1.6 %

CHCT stock opened at $19.82 on Wednesday. The company has a market capitalization of $559.72 million, a P/E ratio of -220.22, a PEG ratio of 1.37 and a beta of 0.68. The firm has a 50 day simple moving average of $18.79 and a 200-day simple moving average of $19.17. Community Healthcare Trust has a twelve month low of $15.06 and a twelve month high of $28.10.

Community Healthcare Trust (NYSE:CHCT) last released its 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 return on equity of 0.09% and a negative net margin of 0.39%. The company had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. During the same period in the previous year, the firm posted $0.63 EPS. On average, research analysts predict that Community Healthcare Trust will post 1.84 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of 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 worth $249,000 after purchasing an additional 552 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Community Healthcare Trust by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 372,488 shares of the real estate investment trust’s stock worth $8,712,000 after purchasing an additional 6,836 shares during the period. Hsbc Holdings PLC grew its position in Community Healthcare Trust by 15.1% in the 2nd quarter. Hsbc Holdings PLC now owns 20,320 shares of the real estate investment trust’s stock valued at $474,000 after buying an additional 2,673 shares in the last quarter. Intech Investment Management LLC bought a new position in Community Healthcare Trust in the 2nd quarter valued at about $267,000. Finally, Public Sector Pension Investment Board raised its position in shares of Community Healthcare Trust by 8.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 53,842 shares of the real estate investment trust’s stock worth $1,259,000 after buying an additional 4,160 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

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.