Community Healthcare Trust (NYSE:CHCT) Stock Rating Upgraded by StockNews.com

Community Healthcare Trust (NYSE:CHCT) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other analysts have also commented on the stock. 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 note on Monday, September 16th. Truist Financial reduced their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Piper Sandler lifted their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird dropped their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Community Healthcare Trust presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Community Healthcare Trust Price Performance

NYSE CHCT traded up $0.08 during mid-day trading on Monday, reaching $18.60. 443,728 shares of the stock were exchanged, compared to its average volume of 279,318. Community Healthcare Trust has a one year low of $15.06 and a one year high of $29.16. The stock has a market cap of $525.30 million, a P/E ratio of -206.67, a P/E/G ratio of 1.26 and a beta of 0.67. The stock has a 50 day simple moving average of $17.80 and a 200-day simple moving average of $20.47.

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

Institutional Investors Weigh In On Community Healthcare Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its position in Community Healthcare Trust by 159.1% during the 3rd quarter. Barclays PLC now owns 42,054 shares of the real estate investment trust’s stock worth $762,000 after acquiring an additional 25,826 shares during the last quarter. Geode Capital Management LLC increased its holdings in Community Healthcare Trust by 1.4% in the third quarter. Geode Capital Management LLC now owns 674,517 shares of the real estate investment trust’s stock worth $12,245,000 after purchasing an additional 9,256 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Community Healthcare Trust by 3.1% during 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 acquiring an additional 1,082 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in Community Healthcare Trust by 400.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 77,631 shares of the real estate investment trust’s stock worth $1,409,000 after purchasing an additional 62,116 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Community Healthcare Trust during the 3rd quarter valued at $229,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

About Community Healthcare Trust

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.