Community Healthcare Trust (NYSE:CHCT) Given New $21.00 Price Target at Evercore ISI

Community Healthcare Trust (NYSE:CHCT) had its price objective cut by equities researchers at Evercore ISI from $25.00 to $21.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “underperform” rating on the real estate investment trust’s stock. Evercore ISI’s price target suggests a potential upside of 11.23% from the stock’s previous close.

Several other research firms have also recently issued reports on CHCT. Robert W. Baird cut their price target on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Piper Sandler reaffirmed a “neutral” rating and set a $26.00 price objective (down from $36.00) on shares of Community Healthcare Trust in a research note on Wednesday, May 1st. StockNews.com lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Finally, Truist Financial lowered their price target on Community Healthcare Trust from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, June 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Community Healthcare Trust has a consensus rating of “Hold” and an average price target of $25.50.

Community Healthcare Trust Trading Down 0.1 %

Shares of NYSE:CHCT traded down $0.02 during midday trading on Wednesday, hitting $18.88. The stock had a trading volume of 29,202 shares, compared to its average volume of 208,293. Community Healthcare Trust has a 1 year low of $17.64 and a 1 year high of $33.59. The stock has a 50 day moving average price of $22.38 and a two-hundred day moving average price of $24.29. The company has a market capitalization of $522.99 million, a PE ratio of 29.50, a P/E/G ratio of 1.24 and a beta of 0.68.

Insider Transactions at Community Healthcare Trust

In other news, Director Robert Z. Hensley bought 6,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $19.50 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Community Healthcare Trust news, Director Robert Z. Hensley purchased 6,500 shares of the business’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $19.50 per share, with a total value of $126,750.00. Following the acquisition, the director now directly owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David H. Dupuy purchased 10,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost 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 in the company, valued at $7,082,246.20. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new stake in Community Healthcare Trust during the first quarter worth $34,000. Quadrant Capital Group LLC boosted its holdings in Community Healthcare Trust by 264.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,323 shares during the period. Van ECK Associates Corp lifted its holdings in Community Healthcare Trust by 25.1% in the 4th quarter. Van ECK Associates Corp now owns 3,740 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 751 shares during the period. SG Americas Securities LLC lifted its holdings in Community Healthcare Trust by 65.7% in the 2nd quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 3,630 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Community Healthcare Trust by 67.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 3,260 shares during the period. Institutional investors own 87.84% of the company’s stock.

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).