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

Community Healthcare Trust (NYSE:CHCT) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Other equities analysts also recently issued research reports about the stock. Truist Financial lowered their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Piper Sandler boosted their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Robert W. Baird reduced their price target on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price target for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Community Healthcare Trust currently has an average rating of “Hold” and a consensus price target of $21.00.

Community Healthcare Trust Price Performance

Shares of NYSE:CHCT opened at $19.00 on Tuesday. Community Healthcare Trust has a 1-year low of $15.06 and a 1-year high of $29.16. The company has a market capitalization of $536.56 million, a P/E ratio of -211.11, a P/E/G ratio of 1.30 and a beta of 0.67. The firm’s 50 day simple moving average is $17.46 and its two-hundred day simple moving average is $20.86.

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 the consensus estimate of $0.43 by ($0.39). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The company had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.06 million. During the same period last year, the firm posted $0.63 EPS. On average, sell-side analysts anticipate that Community Healthcare Trust will post 1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in Community Healthcare Trust by 257.8% during the third quarter. BNP Paribas Financial Markets now owns 24,226 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 17,455 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Community Healthcare Trust by 639.8% during the third quarter. Quantbot Technologies LP now owns 32,767 shares of the real estate investment trust’s stock valued at $595,000 after purchasing an additional 28,338 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Community Healthcare Trust by 5.9% during the third quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 1,041 shares during the period. Capital Square LLC purchased a new stake in shares of Community Healthcare Trust during the third quarter valued at $286,000. Finally, DRW Securities LLC purchased a new stake in shares of Community Healthcare Trust during the third quarter valued at $345,000. Institutional investors 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.