Community Healthcare Trust (NYSE:CHCT) Stock Rating Upgraded by StockNews.com

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

A number of other research firms have also recently commented on CHCT. Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their target price for the company from $21.00 to $18.00 in a research note on Monday, September 16th. Truist Financial dropped their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Piper Sandler raised their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Robert W. Baird lowered their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.00.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT traded down $0.27 during midday trading on Tuesday, reaching $19.08. The company’s stock had a trading volume of 310,988 shares, compared to its average volume of 281,143. The stock has a market capitalization of $538.86 million, a P/E ratio of -212.00, a PEG ratio of 1.28 and a beta of 0.67. The firm has a 50 day moving average price of $17.42 and a 200-day moving average price of $20.93. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The business had revenue of $29.64 million for the quarter, compared to the consensus estimate of $29.06 million. During the same period in the previous year, the firm earned $0.63 EPS. On average, equities analysts predict that Community Healthcare Trust will post 1.84 EPS for the current year.

Institutional Trading of Community Healthcare Trust

A number of large investors have recently made changes to their positions in CHCT. Penserra Capital Management LLC grew its stake in Community Healthcare Trust by 23.0% in the 3rd quarter. Penserra Capital Management LLC now owns 43,154 shares of the real estate investment trust’s stock worth $783,000 after acquiring an additional 8,060 shares in the last quarter. Algert Global LLC raised its holdings in shares of Community Healthcare Trust by 534.3% in the third 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. Charles Schwab Investment Management Inc. raised its holdings in shares of Community Healthcare Trust by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 227,050 shares of the real estate investment trust’s stock worth $4,121,000 after buying an additional 10,824 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Community Healthcare Trust in the third quarter worth $515,000. Finally, Phocas Financial Corp. acquired a new stake in shares of Community Healthcare Trust in the third quarter worth $3,689,000. 87.84% of the stock is currently owned by institutional investors.

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.