Recent Research Analysts’ Ratings Updates for Community Healthcare Trust (CHCT)

A number of firms have modified their ratings and price targets on shares of Community Healthcare Trust (NYSE: CHCT) recently:

  • 7/10/2019 – Community Healthcare Trust was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating.
  • 7/8/2019 – Community Healthcare Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “
  • 7/1/2019 – Community Healthcare Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “
  • 6/21/2019 – Community Healthcare Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “
  • 6/14/2019 – Community Healthcare Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “
  • 6/7/2019 – Community Healthcare Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “
  • 5/30/2019 – Community Healthcare Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Shares of CHCT stock traded down $0.20 during trading hours on Friday, hitting $40.81. 87,963 shares of the company were exchanged, compared to its average volume of 129,970. Community Healthcare Trust Inc has a one year low of $27.54 and a one year high of $41.47. The firm has a 50-day moving average price of $38.96. The company has a market cap of $776.96 million, a PE ratio of 25.67 and a beta of 0.73.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). Community Healthcare Trust had a return on equity of 1.45% and a net margin of 7.86%. The business had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.73 million. As a group, equities analysts predict that Community Healthcare Trust Inc will post 1.69 earnings per share for the current fiscal year.

In other Community Healthcare Trust news, Director Horn R. Lawrence Van sold 4,053 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $37.74, for a total value of $152,960.22. Following the transaction, the director now owns 19,439 shares of the company’s stock, valued at $733,627.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. 6 Meridian lifted its holdings in Community Healthcare Trust by 1.4% in the second quarter. 6 Meridian now owns 22,006 shares of the real estate investment trust’s stock worth $867,000 after acquiring an additional 310 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Community Healthcare Trust by 1.2% in the first quarter. Arizona State Retirement System now owns 27,433 shares of the real estate investment trust’s stock valued at $985,000 after purchasing an additional 318 shares during the period. New York State Teachers Retirement System increased its stake in shares of Community Healthcare Trust by 7.3% in the first quarter. New York State Teachers Retirement System now owns 7,353 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 500 shares during the period. Texas Permanent School Fund increased its stake in shares of Community Healthcare Trust by 4.8% in the first quarter. Texas Permanent School Fund now owns 12,074 shares of the real estate investment trust’s stock valued at $433,000 after purchasing an additional 552 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Community Healthcare Trust by 5.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,350 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 600 shares during the period. 90.08% of the stock is currently owned by hedge funds and other institutional investors.

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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