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

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

A number of other equities analysts have also recently commented on the company. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Truist Financial decreased their price target on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Robert W. Baird decreased their price target on 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. Finally, Piper Sandler raised their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Price Performance

NYSE CHCT opened at $18.38 on Monday. The stock has a market capitalization of $519.09 million, a PE ratio of -204.89, a P/E/G ratio of 1.26 and a beta of 0.67. The business has a 50 day simple moving average of $17.80 and a two-hundred day simple moving average of $20.47. Community Healthcare Trust has a 1-year low of $15.06 and a 1-year high of $29.16.

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 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 prior year, the business earned $0.63 EPS. On average, analysts anticipate that Community Healthcare Trust will post 1.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new stake in shares of Community Healthcare Trust during the first quarter valued at about $34,000. Daiwa Securities Group Inc. raised its stake in shares of Community Healthcare Trust by 11.2% during the 3rd 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 in the last quarter. SG Americas Securities LLC raised its stake in shares of Community Healthcare Trust by 6.8% during the 3rd 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 in the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of Community Healthcare Trust during the 3rd quarter worth approximately $182,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Community Healthcare Trust during the 3rd quarter worth approximately $198,000. 87.84% of the stock is owned by institutional investors.

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.