Evercore ISI Upgrades Community Healthcare Trust (NYSE:CHCT) to “Inline”

Community Healthcare Trust (NYSE:CHCT) was upgraded by investment analysts at Evercore ISI from an “underperform” rating to an “inline” rating in a report released on Monday, MarketBeat.com reports. The brokerage presently has a $18.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $21.00. Evercore ISI’s price objective indicates a potential upside of 3.21% from the company’s previous close.

A number of other brokerages have also recently issued reports on CHCT. Truist Financial reduced their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Robert W. Baird reduced their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Piper Sandler reduced their price target on shares of Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Finally, StockNews.com cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.75.

Community Healthcare Trust Stock Performance

Shares of CHCT stock opened at $17.44 on Monday. Community Healthcare Trust has a 52-week low of $15.06 and a 52-week high of $32.67. The stock has a market cap of $483.11 million, a PE ratio of 27.25, a PEG ratio of 1.11 and a beta of 0.69. The firm’s 50 day moving average price is $20.77 and its two-hundred day moving average price is $23.33.

Insider Transactions at Community Healthcare Trust

In related news, CEO David H. Dupuy acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 363,565 shares in the company, valued at approximately $7,082,246.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David H. Dupuy acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 363,565 shares in the company, valued at approximately $7,082,246.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Z. Hensley acquired 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the completion of the acquisition, the director now owns 70,670 shares of the company’s stock, valued at $1,378,065. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Community Healthcare Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC increased its stake in Community Healthcare Trust by 5,664.3% in the 1st quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock valued at $15,676,000 after buying an additional 580,199 shares during the last quarter. Mesirow Institutional Investment Management Inc. acquired a new stake in Community Healthcare Trust in the 1st quarter valued at $7,835,000. Russell Investments Group Ltd. increased its stake in Community Healthcare Trust by 27.8% in the 1st quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock valued at $9,687,000 after buying an additional 79,421 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in Community Healthcare Trust by 18.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust’s stock valued at $10,028,000 after buying an additional 65,642 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake in Community Healthcare Trust by 8.0% in the 2nd quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock valued at $17,525,000 after buying an additional 55,558 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).