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

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

Several other research firms also recently commented on CHCT. Truist Financial raised their price objective 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 raised their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.25.

Community Healthcare Trust Stock Down 0.1 %

Shares of NYSE:CHCT opened at $19.99 on Friday. The firm has a market capitalization of $564.52 million, a PE ratio of -222.11, a P/E/G ratio of 1.35 and a beta of 0.69. The company has a 50-day moving average price of $19.09 and a two-hundred day moving average price of $18.67. Community Healthcare Trust has a twelve month low of $15.06 and a twelve month high of $28.10.

Institutional Trading of Community Healthcare Trust

Several institutional investors and hedge funds have recently bought and sold shares of CHCT. The Manufacturers Life Insurance Company raised its position in shares of Community Healthcare Trust by 65.5% in the second quarter. The Manufacturers Life Insurance Company now owns 17,582 shares of the real estate investment trust’s stock worth $411,000 after buying an additional 6,957 shares in the last quarter. Creative Planning purchased a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at about $306,000. SG Americas Securities LLC raised its holdings in shares of 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 valued at $177,000 after acquiring an additional 618 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of Community Healthcare Trust during the 3rd quarter valued at about $319,000. Finally, Inspire Investing LLC grew its holdings in shares of Community Healthcare Trust by 49.7% during the third quarter. Inspire Investing LLC now owns 22,699 shares of the real estate investment trust’s stock worth $412,000 after purchasing an additional 7,533 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

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.