Community Healthcare Trust (NYSE:CHCT) Rating Increased to Buy at Wall Street Zen

Community Healthcare Trust (NYSE:CHCT) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

CHCT has been the topic of a number of other reports. Truist Financial boosted their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings upgraded shares of Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Piper Sandler upped their price target on Community Healthcare Trust from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday. Evercore set a $17.00 price objective on Community Healthcare Trust in a research report on Thursday. Finally, Zacks Research raised Community Healthcare Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.33.

Community Healthcare Trust Stock Performance

CHCT opened at $17.07 on Friday. The company has a market capitalization of $487.75 million, a PE ratio of 243.92 and a beta of 0.75. The stock’s fifty day moving average is $16.88 and its 200-day moving average is $15.60. Community Healthcare Trust has a one year low of $13.23 and a one year high of $19.38.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, February 17th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). Community Healthcare Trust had a net margin of 4.21% and a return on equity of 1.16%. The firm had revenue of $30.95 million for the quarter, compared to the consensus estimate of $31.33 million. On average, equities research analysts forecast that Community Healthcare Trust will post 1.85 EPS for the current fiscal year.

Institutional Trading of Community Healthcare Trust

A number of hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund lifted its holdings in shares of Community Healthcare Trust by 30.9% during the 3rd quarter. New York State Common Retirement Fund now owns 276,500 shares of the real estate investment trust’s stock valued at $4,230,000 after buying an additional 65,341 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Community Healthcare Trust in the second quarter worth approximately $598,000. Y Intercept Hong Kong Ltd raised its position in Community Healthcare Trust by 211.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 180,818 shares of the real estate investment trust’s stock valued at $2,767,000 after acquiring an additional 122,794 shares in the last quarter. Acadian Asset Management LLC raised its position in Community Healthcare Trust by 6.4% during the second quarter. Acadian Asset Management LLC now owns 308,225 shares of the real estate investment trust’s stock valued at $5,123,000 after acquiring an additional 18,594 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC lifted its stake in Community Healthcare Trust by 55.8% in the second quarter. Wealthedge Investment Advisors LLC now owns 136,431 shares of the real estate investment trust’s stock valued at $2,269,000 after acquiring an additional 48,885 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.