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

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

Several other equities research analysts have also issued reports on CHCT. Piper Sandler lifted their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Truist Financial lifted their price target on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Community Healthcare Trust presently has an average rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Stock Up 3.5 %

Shares of NYSE:CHCT opened at $20.20 on Wednesday. Community Healthcare Trust has a 12 month low of $15.06 and a 12 month high of $28.10. The company’s fifty day simple moving average is $18.75 and its 200 day simple moving average is $19.17. The firm has a market cap of $570.50 million, a price-to-earnings ratio of -224.47, a PEG ratio of 1.32 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data 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). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The company had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. Research analysts expect that Community Healthcare Trust will post 1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. grew its stake in Community Healthcare Trust by 11.2% in the 3rd 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 last quarter. SG Americas Securities LLC grew its stake in 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 buying an additional 618 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new position in Community Healthcare Trust in the 3rd quarter valued at about $182,000. B. Riley Wealth Advisors Inc. acquired a new position in Community Healthcare Trust in the 2nd quarter valued at about $243,000. Finally, American Century Companies Inc. grew its stake in Community Healthcare Trust by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 552 shares during the last quarter. Institutional investors 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.