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

Community Healthcare Trust (NYSE:CHCT) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

CHCT has been the subject of several other research reports. Truist Financial upped their price target on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler increased their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and decreased their target price for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Price Performance

Community Healthcare Trust stock opened at $19.35 on Tuesday. The stock has a market capitalization of $546.48 million, a P/E ratio of -215.00, a P/E/G ratio of 1.24 and a beta of 0.68. The firm’s 50-day moving average is $18.69 and its two-hundred day moving average is $19.28. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $28.10.

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

Institutional Trading of Community Healthcare Trust

Several institutional investors have recently added to or reduced their stakes in CHCT. Daiwa Securities Group Inc. lifted its position in shares of Community Healthcare Trust by 11.2% during the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 840 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Community Healthcare Trust by 6.8% in the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 618 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new stake in shares of Community Healthcare Trust during the 3rd quarter valued at approximately $182,000. Point72 Asset Management L.P. bought a new position in Community Healthcare Trust during the third quarter worth $198,000. Finally, Point72 DIFC Ltd acquired a new position in Community Healthcare Trust in the third quarter worth $201,000. 87.84% of the stock is owned by institutional investors and hedge funds.

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.