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

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

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

Community Healthcare Trust Stock Down 3.4 %

Community Healthcare Trust stock opened at $19.51 on Wednesday. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $28.10. The business’s 50-day moving average price is $18.76 and its two-hundred day moving average price is $19.17. The stock has a market cap of $550.91 million, a PE ratio of -216.76, 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 for the quarter, missing the consensus estimate of $0.43 by ($0.39). The firm had revenue of $29.64 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.63 earnings per share. As a group, analysts expect that Community Healthcare Trust will post 1.84 earnings per share for the current year.

Institutional Trading of Community Healthcare Trust

Several institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in Community Healthcare Trust by 5.5% in the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 552 shares during the last quarter. SG Americas Securities LLC lifted its stake in 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 valued at $177,000 after buying an additional 618 shares during the period. Daiwa Securities Group Inc. lifted its stake in 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 valued at $151,000 after buying an additional 840 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Community Healthcare Trust by 5.9% in 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 buying an additional 1,041 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in Community Healthcare Trust by 3.1% in the third quarter. Public Employees Retirement System of Ohio now owns 35,739 shares of the real estate investment trust’s stock valued at $649,000 after buying an additional 1,082 shares during the period. 87.84% of the stock is currently owned by institutional investors.

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.