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

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

Other equities research analysts have also issued reports about the company. Piper Sandler raised their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Truist Financial increased their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Trading Up 1.6 %

Shares of Community Healthcare Trust stock opened at $19.82 on Wednesday. Community Healthcare Trust has a 52 week low of $15.06 and a 52 week high of $28.10. The stock has a market cap of $559.72 million, a PE ratio of -220.22, a price-to-earnings-growth ratio of 1.37 and a beta of 0.68. The company’s 50-day moving average price is $18.79 and its two-hundred day moving average price is $19.17.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm earned $0.63 earnings per share. On average, equities analysts predict that Community Healthcare Trust will post 1.84 EPS for the current fiscal year.

Institutional Trading of Community Healthcare Trust

Several hedge funds and other institutional investors have recently modified their holdings of CHCT. American Century Companies Inc. raised its position in Community Healthcare Trust by 5.5% during the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 552 shares during the period. Dimensional Fund Advisors LP grew its stake in Community Healthcare Trust by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 372,488 shares of the real estate investment trust’s stock valued at $8,712,000 after acquiring an additional 6,836 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of 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 purchasing an additional 2,673 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Community Healthcare Trust in the second quarter worth approximately $267,000. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Community Healthcare Trust by 8.4% during the second quarter. Public Sector Pension Investment Board now owns 53,842 shares of the real estate investment trust’s stock worth $1,259,000 after purchasing an additional 4,160 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

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.