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

Community Healthcare Trust (NYSE:CHCT) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Several other research analysts have also recently issued reports on the stock. Truist Financial increased their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and decreased their price target for the company from $21.00 to $18.00 in a research note on Monday, September 16th. Finally, Piper Sandler upped their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Stock Up 0.4 %

Community Healthcare Trust stock opened at $19.35 on Tuesday. The firm has a 50-day moving average price of $18.69 and a two-hundred day moving average price of $19.28. Community Healthcare Trust has a 52-week low of $15.06 and a 52-week high of $28.10. The firm has a market capitalization of $546.48 million, a price-to-earnings ratio of -215.00, a PEG ratio of 1.24 and a beta of 0.68.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of Community Healthcare Trust by 5.5% in 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 in the last quarter. SG Americas Securities LLC boosted its position in Community Healthcare Trust by 6.8% during 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 period. Daiwa Securities Group Inc. grew its stake in Community Healthcare Trust by 11.2% during the 3rd 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 in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Community Healthcare Trust by 5.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 1,041 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Community Healthcare Trust by 3.1% during the third quarter. Public Employees Retirement System of Ohio now owns 35,739 shares of the real estate investment trust’s stock worth $649,000 after purchasing an additional 1,082 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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.