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

StockNews.com upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a sell rating to a hold rating in a report issued on Wednesday morning.

A number of other brokerages have also weighed in on CHCT. Truist Financial boosted their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler boosted their target price on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.25.

Community Healthcare Trust Trading Up 1.4 %

NYSE CHCT opened at $20.14 on Wednesday. The firm’s fifty day simple moving average is $18.82 and its two-hundred day simple moving average is $19.15. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $28.10. The firm has a market capitalization of $568.65 million, a P/E ratio of -223.72, a P/E/G ratio of 1.32 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39). The firm had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.06 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. During the same period in the prior year, the firm posted $0.63 earnings per share. As a group, sell-side analysts predict that Community Healthcare Trust will post 1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Daiwa Securities Group Inc. raised its position in shares of Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 840 shares during the period. SG Americas Securities LLC raised its position in shares of Community Healthcare Trust by 6.8% in the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 618 shares during the period. Woodmont Investment Counsel LLC acquired a new position in shares of Community Healthcare Trust in the third quarter worth about $182,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Community Healthcare Trust during the 2nd quarter worth about $243,000. Finally, American Century Companies Inc. raised its position in shares of Community Healthcare Trust by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 552 shares during the last quarter. Institutional investors and hedge funds 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.