Community Healthcare Trust (NYSE:CHCT) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of Community Healthcare Trust (NYSE:CHCT) from a hold rating to a sell rating in a report issued on Friday.

A number of other equities research analysts have also recently issued reports on the stock. Piper Sandler boosted their target price on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Truist Financial increased their target price on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Community Healthcare Trust presently has an average rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Stock Up 0.2 %

Shares of NYSE:CHCT opened at $19.83 on Friday. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $28.10. The business has a 50 day moving average of $18.97 and a 200-day moving average of $18.99. The stock has a market cap of $560.00 million, a PE ratio of -220.33, a P/E/G ratio of 1.36 and a beta of 0.68.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CHCT. Jane Street Group LLC raised its position in Community Healthcare Trust by 1,395.6% during the third 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 in the last quarter. Phocas Financial Corp. bought a new position in shares of Community Healthcare Trust in the 3rd quarter valued at $3,689,000. Systematic Financial Management LP increased its stake in shares of Community Healthcare Trust by 25.0% in the 3rd quarter. Systematic Financial Management LP now owns 936,753 shares of the real estate investment trust’s stock valued at $17,002,000 after purchasing an additional 187,510 shares during the last quarter. Graham Capital Wealth Management LLC acquired a new position in shares of Community Healthcare Trust during the 3rd quarter worth $2,650,000. Finally, Algert Global LLC lifted its position in shares of Community Healthcare Trust by 534.3% during 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. Institutional investors 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.