Community Healthcare Trust Inc (NYSE:CHCT) Given Average Rating of “Buy” by Brokerages

Shares of Community Healthcare Trust Inc (NYSE:CHCT) have been given an average recommendation of “Buy” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $43.33.

Several equities research analysts have commented on the stock. B. Riley downgraded shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Thursday, May 7th. SunTrust Banks dropped their price objective on shares of Community Healthcare Trust from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Piper Sandler upped their price objective on shares of Community Healthcare Trust from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Zacks Investment Research downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, DA Davidson raised shares of Community Healthcare Trust from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $55.00 to $40.00 in a report on Monday, March 30th.

In related news, Director Robert Z. Hensley acquired 2,630 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average cost of $38.70 per share, for a total transaction of $101,781.00. Corporate insiders own 5.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D increased its position in shares of Community Healthcare Trust by 4.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 239,877 shares of the real estate investment trust’s stock worth $9,182,000 after purchasing an additional 10,000 shares during the last quarter. State Street Corp grew its position in Community Healthcare Trust by 16.8% during the first quarter. State Street Corp now owns 711,726 shares of the real estate investment trust’s stock valued at $27,245,000 after acquiring an additional 102,440 shares during the last quarter. State of Tennessee Treasury Department grew its position in Community Healthcare Trust by 11.9% during the first quarter. State of Tennessee Treasury Department now owns 13,013 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 1,388 shares during the last quarter. Waddell & Reed Financial Inc. grew its position in Community Healthcare Trust by 17.2% during the first quarter. Waddell & Reed Financial Inc. now owns 241,843 shares of the real estate investment trust’s stock valued at $9,258,000 after acquiring an additional 35,578 shares during the last quarter. Finally, Advisor Group Holdings Inc. bought a new position in Community Healthcare Trust during the first quarter valued at approximately $297,000. Institutional investors own 86.81% of the company’s stock.

Shares of NYSE CHCT traded down $0.15 during trading on Tuesday, hitting $41.01. The stock had a trading volume of 1,671 shares, compared to its average volume of 358,023. Community Healthcare Trust has a 12 month low of $20.12 and a 12 month high of $52.33. The company has a market capitalization of $908.78 million, a PE ratio of 85.44 and a beta of 0.60. The firm has a fifty day moving average of $38.87 and a two-hundred day moving average of $40.91.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. The company had revenue of $17.94 million for the quarter, compared to the consensus estimate of $17.52 million. Community Healthcare Trust had a net margin of 16.87% and a return on equity of 3.39%. On average, research analysts predict that Community Healthcare Trust will post 1.97 earnings per share for the current year.

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 non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.

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Analyst Recommendations for Community Healthcare Trust (NYSE:CHCT)

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