Community Healthcare Trust (NYSE:CHCT) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Community Healthcare Trust (NYSE:CHCT – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

CHCT has been the subject of several other research reports. Robert W. Baird lifted their price objective on Community Healthcare Trust from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, February 16th. Truist Financial lifted their target price on Community Healthcare Trust from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 17th. TheStreet upgraded Community Healthcare Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 13th. Piper Sandler lifted their target price on Community Healthcare Trust from $41.00 to $45.00 in a research report on Tuesday, January 17th. Finally, Janney Montgomery Scott upgraded Community Healthcare Trust from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday, January 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Community Healthcare Trust presently has an average rating of “Moderate Buy” and an average price target of $43.43.

Community Healthcare Trust Trading Up 0.8 %

Community Healthcare Trust stock opened at $36.41 on Thursday. The firm has a market cap of $947.39 million, a price-to-earnings ratio of 44.40, a PEG ratio of 1.51 and a beta of 0.73. The stock has a fifty day simple moving average of $40.02 and a two-hundred day simple moving average of $36.35. Community Healthcare Trust has a 12 month low of $30.38 and a 12 month high of $43.88.

Insiders Place Their Bets

In related news, Director Claire M. Gulmi acquired 2,042 shares of Community Healthcare Trust stock in a transaction on Thursday, March 9th. The shares were bought at an average cost of $36.77 per share, with a total value of $75,084.34. Following the completion of the purchase, the director now directly owns 26,140 shares of the company’s stock, valued at approximately $961,167.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $27,000. Lazard Asset Management LLC grew its stake in shares of Community Healthcare Trust by 144.7% during the second quarter. Lazard Asset Management LLC now owns 1,654 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 978 shares during the last quarter. Captrust Financial Advisors bought a new position in Community Healthcare Trust in the second quarter worth approximately $78,000. Van ECK Associates Corp grew its stake in Community Healthcare Trust by 79.9% in the fourth quarter. Van ECK Associates Corp now owns 2,459 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,092 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Community Healthcare Trust by 17.0% in the second quarter. Mutual of America Capital Management LLC now owns 3,958 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 574 shares in the last quarter. Institutional investors own 87.68% of the company’s stock.

About Community Healthcare Trust

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Community Healthcare Trust, Inc engages in the acquisition of real estate properties that are leased to hospitals, doctors, healthcare systems, and other healthcare services providers. It invests in healthcare properties including outpatient treatment and diagnostic facilities, urgent care centers, acute care hospitals, ambulatory surgery centers, assisted living and long-term care facilities, medical office buildings, clinics, specialty hospitals and treatment centers.