Community Healthcare Trust (NYSE:CHCT) Rating Lowered to “Sell” at StockNews.com

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

A number of other equities analysts also recently issued reports on the stock. Piper Sandler increased their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Truist Financial increased their price objective on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. One research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.25.

Community Healthcare Trust Trading Down 1.7 %

Shares of NYSE:CHCT opened at $19.78 on Friday. The company has a 50-day moving average price of $18.94 and a 200-day moving average price of $19.03. The company has a market cap of $558.53 million, a price-to-earnings ratio of -219.76, a price-to-earnings-growth ratio of 1.32 and a beta of 0.68. 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 released its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $29.06 million. During the same quarter last year, the business posted $0.63 EPS. As a group, research analysts forecast that Community Healthcare Trust will post 1.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Community Healthcare Trust

A number of institutional investors have recently modified their holdings of CHCT. Jane Street Group LLC grew its position in Community Healthcare Trust by 1,395.6% during the 3rd quarter. Jane Street Group LLC now owns 492,063 shares of the real estate investment trust’s stock valued at $8,931,000 after purchasing an additional 459,163 shares during the last quarter. Phocas Financial Corp. purchased a new position in shares of Community Healthcare Trust during the third quarter valued at approximately $3,689,000. Systematic Financial Management LP boosted its holdings in Community Healthcare Trust by 25.0% in the third quarter. Systematic Financial Management LP now owns 936,753 shares of the real estate investment trust’s stock worth $17,002,000 after purchasing an additional 187,510 shares during the last quarter. Graham Capital Wealth Management LLC purchased a new stake in Community Healthcare Trust during the 3rd quarter valued at $2,650,000. Finally, Algert Global LLC boosted its stake in shares of Community Healthcare Trust by 534.3% in the 3rd quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust’s stock worth $2,059,000 after buying an additional 95,557 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

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.