Several other research analysts have also commented on the stock. TheStreet lowered shares of Community Healthcare Trust from a b- rating to a c+ rating in a report on Monday, September 26th. Truist Financial cut their price objective on shares of Community Healthcare Trust to $43.00 in a report on Friday, December 2nd. Colliers Securities lowered their price objective on Community Healthcare Trust to $39.00 in a research report on Friday, September 30th. StockNews.com initiated coverage on Community Healthcare Trust in a research note on Wednesday, October 12th. They issued a hold rating for the company. Finally, Evercore ISI cut their target price on Community Healthcare Trust to $42.00 in a research note on Thursday, October 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Community Healthcare Trust presently has a consensus rating of Moderate Buy and a consensus price target of $43.50.
Community Healthcare Trust Stock Performance
Shares of CHCT stock opened at $40.69 on Tuesday. The firm’s 50-day simple moving average is $35.75 and its two-hundred day simple moving average is $35.76. Community Healthcare Trust has a 52 week low of $30.38 and a 52 week high of $46.84. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 47.31, a P/E/G ratio of 1.64 and a beta of 0.66.
Community Healthcare Trust Increases Dividend
Institutional Trading of Community Healthcare Trust
Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new position in shares of Community Healthcare Trust in the second quarter valued at approximately $27,000. Lazard Asset Management LLC lifted its position in Community Healthcare Trust by 144.7% during the 2nd quarter. Lazard Asset Management LLC now owns 1,654 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 978 shares in the last quarter. KBC Group NV bought a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at about $66,000. Captrust Financial Advisors bought a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at about $78,000. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Community Healthcare Trust by 17.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,958 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 574 shares during the period. Institutional investors and hedge funds own 87.68% of the company’s stock.
About Community Healthcare Trust
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.
- Get a free copy of the StockNews.com research report on Community Healthcare Trust (CHCT)
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