Community Healthcare Trust (NYSE:CHCT) Stock Rating Upgraded by Zacks Research

Community Healthcare Trust (NYSE:CHCT) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently issued reports on CHCT. Piper Sandler reiterated a “neutral” rating on shares of Community Healthcare Trust in a report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Community Healthcare Trust in a research note on Wednesday, January 21st. Finally, Truist Financial lifted their price objective on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Community Healthcare Trust has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Community Healthcare Trust Stock Down 4.2%

Shares of NYSE:CHCT opened at $17.26 on Tuesday. The business’s 50 day moving average is $16.80 and its 200 day moving average is $15.58. The stock has a market cap of $491.25 million, a P/E ratio of 246.54 and a beta of 0.75. Community Healthcare Trust has a 52-week low of $13.23 and a 52-week high of $19.50.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, February 17th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). The firm had revenue of $30.95 million during the quarter, compared to analysts’ expectations of $31.33 million. Community Healthcare Trust had a return on equity of 1.15% and a net margin of 4.21%. On average, sell-side analysts anticipate that Community Healthcare Trust will post 1.85 EPS for the current fiscal year.

Institutional Trading of Community Healthcare Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in Community Healthcare Trust by 18.6% during the 1st quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 6,856 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Community Healthcare Trust in the first quarter valued at about $231,000. Goldman Sachs Group Inc. boosted its holdings in Community Healthcare Trust by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 252,492 shares of the real estate investment trust’s stock worth $4,585,000 after acquiring an additional 3,697 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Community Healthcare Trust by 339.7% during the first quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock worth $1,630,000 after acquiring an additional 69,343 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Community Healthcare Trust by 497.6% during the second quarter. CWM LLC now owns 11,857 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 9,873 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.