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

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

Several other research analysts have also issued reports on CHCT. 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 research report on Thursday, October 31st. Truist Financial boosted their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Trading Up 0.2 %

Community Healthcare Trust stock opened at $19.83 on Friday. The company has a market capitalization of $560.00 million, a P/E ratio of -220.33, a P/E/G ratio of 1.36 and a beta of 0.68. Community Healthcare Trust has a 1-year low of $15.06 and a 1-year high of $28.10. The firm’s fifty day simple moving average is $18.97 and its 200-day simple moving average is $18.94.

Institutional Investors Weigh In On Community Healthcare Trust

Several institutional investors have recently added to or reduced their stakes in the stock. 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 valued at $249,000 after buying an additional 552 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 worth $8,712,000 after acquiring an additional 6,836 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Community Healthcare Trust during the 2nd quarter valued at $418,000. 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 valued at $411,000 after purchasing an additional 6,957 shares during the period. Finally, Algert Global LLC lifted its stake in shares of Community Healthcare Trust by 131.6% during the 2nd quarter. Algert Global LLC now owns 17,883 shares of the real estate investment trust’s stock worth $418,000 after buying an additional 10,160 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

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.