Community Healthcare Trust (NYSE:CHCT) Stock Price Expected to Rise, Piper Sandler Analyst Says

Community Healthcare Trust (NYSE:CHCT) had its price target increased by stock analysts at Piper Sandler from $18.00 to $19.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price points to a potential upside of 0.96% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. StockNews.com downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Truist Financial dropped their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Robert W. Baird dropped their price target on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their price target for the stock from $21.00 to $18.00 in a research note on Monday, September 16th. One 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, the company has an average rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Trading Down 0.6 %

CHCT stock traded down $0.12 on Thursday, hitting $18.82. The company had a trading volume of 235,046 shares, compared to its average volume of 278,663. The stock’s 50-day simple moving average is $17.43 and its 200 day simple moving average is $21.32. The stock has a market cap of $521.33 million, a price-to-earnings ratio of 29.53, a P/E/G ratio of 1.13 and a beta of 0.69. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $29.16.

Insider Activity at Community Healthcare Trust

In other Community Healthcare Trust news, CEO David H. Dupuy acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the purchase, the chief executive officer now directly owns 363,565 shares of the company’s stock, valued at $7,082,246.20. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert Z. Hensley purchased 6,500 shares of Community Healthcare Trust stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $19.50 per share, with a total value of $126,750.00. Following the purchase, the director now owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David H. Dupuy acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $19.48 per share, with a total value of $194,800.00. Following the acquisition, the chief executive officer now directly owns 363,565 shares of the company’s stock, valued at approximately $7,082,246.20. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHCT. Lazard Asset Management LLC purchased a new position in Community Healthcare Trust during the 1st quarter worth $34,000. 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 acquiring an additional 618 shares during the last quarter. Hancock Whitney Corp acquired a new stake in shares of Community Healthcare Trust during the 1st quarter worth about $217,000. Pensionfund Sabic acquired a new stake in shares of Community Healthcare Trust during the 3rd quarter worth about $218,000. Finally, Ballentine Partners LLC purchased a new position in shares of Community Healthcare Trust during the 3rd quarter worth about $218,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

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.