Community Healthcare Trust (NYSE:CHCT) Upgraded at Zacks Investment Research

Community Healthcare Trust (NYSE:CHCTGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Other research analysts also recently issued research reports about the company. StockNews.com began coverage on Community Healthcare Trust in a research note on Thursday, March 31st. They set a “hold” rating on the stock. B. Riley dropped their price target on Community Healthcare Trust from $50.00 to $43.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 10th.

Shares of CHCT traded up $0.34 during mid-day trading on Tuesday, reaching $36.63. The company’s stock had a trading volume of 74,396 shares, compared to its average volume of 92,705. Community Healthcare Trust has a 12-month low of $35.28 and a 12-month high of $51.53. The stock has a market cap of $918.39 million, a PE ratio of 42.59, a price-to-earnings-growth ratio of 1.49 and a beta of 0.64. The company’s 50 day moving average is $39.48 and its 200 day moving average is $42.72.

Community Healthcare Trust (NYSE:CHCTGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). Community Healthcare Trust had a return on equity of 4.90% and a net margin of 24.50%. During the same period in the previous year, the company posted $0.57 EPS. Sell-side analysts forecast that Community Healthcare Trust will post 2.43 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of CHCT. First Republic Investment Management Inc. lifted its holdings in shares of Community Healthcare Trust by 1.4% in the 1st quarter. First Republic Investment Management Inc. now owns 39,084 shares of the real estate investment trust’s stock valued at $1,650,000 after buying an additional 540 shares during the period. GRS Advisors LLC acquired a new stake in shares of Community Healthcare Trust in the 1st quarter valued at approximately $9,741,000. Liberty Mutual Group Asset Management Inc. acquired a new stake in shares of Community Healthcare Trust in the 1st quarter valued at approximately $1,269,000. State Street Corp lifted its holdings in shares of Community Healthcare Trust by 11.6% in the 1st quarter. State Street Corp now owns 1,502,304 shares of the real estate investment trust’s stock valued at $63,412,000 after buying an additional 156,449 shares during the period. Finally, Vident Investment Advisory LLC lifted its holdings in shares of Community Healthcare Trust by 25.5% in the 1st quarter. Vident Investment Advisory LLC now owns 9,757 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 1,984 shares during the period. 87.26% of the stock is owned by institutional investors.

About Community Healthcare Trust (Get Rating)

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.

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