StockNews.com Downgrades Community Healthcare Trust (NYSE:CHCT) to Sell

Community Healthcare Trust (NYSE:CHCT) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently commented on the company. Truist Financial raised their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the company 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 company a “neutral” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Trading Down 1.7 %

Community Healthcare Trust stock opened at $19.78 on Friday. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $28.10. The firm has a market capitalization of $558.53 million, a price-to-earnings ratio of -219.76, a P/E/G ratio of 1.32 and a beta of 0.68. The firm has a 50 day moving average of $18.94 and a 200 day moving average of $19.03.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) 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 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. On average, analysts predict that Community Healthcare Trust will post 1.84 EPS for the current year.

Institutional Trading of Community Healthcare Trust

Hedge funds have recently bought and sold shares of the stock. Daiwa Securities Group Inc. increased its holdings in shares of 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 worth $151,000 after purchasing an additional 840 shares during the last quarter. SG Americas Securities LLC increased its stake in Community Healthcare Trust by 6.8% in the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 618 shares during the last quarter. Woodmont Investment Counsel LLC bought a new stake in Community Healthcare Trust in the 3rd quarter worth approximately $182,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Community Healthcare Trust during the 2nd quarter worth approximately $243,000. Finally, American Century Companies Inc. boosted its position in shares of Community Healthcare Trust by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 552 shares during the last quarter. Hedge funds and other 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.