Community Healthcare Trust (NYSE:CHCT) Price Target Raised to $16.00

Community Healthcare Trust (NYSE:CHCT) had its price objective boosted by Piper Sandler from $14.00 to $16.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler‘s price objective would indicate a potential upside of 10.16% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Community Healthcare Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Huntington assumed coverage on shares of Community Healthcare Trust in a report on Friday, July 17th. They set an “outperform” rating and a $20.00 target price for the company. Finally, Truist Financial cut their target price on shares of Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.50.

Community Healthcare Trust Stock Up 0.1%

Shares of NYSE CHCT traded up $0.01 during trading hours on Thursday, reaching $14.52. 230,591 shares of the stock traded hands, compared to its average volume of 275,715. The company’s 50-day simple moving average is $13.94 and its two-hundred day simple moving average is $16.33. The company has a market capitalization of $416.11 million, a P/E ratio of 19.83 and a beta of 0.68. Community Healthcare Trust has a 52-week low of $12.58 and a 52-week high of $19.17.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Community Healthcare Trust had a return on equity of 5.31% and a net margin of 17.76%. The business had revenue of $32.44 million during the quarter, compared to analyst estimates of $31.26 million. As a group, sell-side analysts forecast that Community Healthcare Trust will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Community Healthcare Trust

In other news, Director Robert Z. Hensley acquired 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of $15.21 per share, with a total value of $121,680.00. Following the completion of the acquisition, the director directly owned 103,702 shares of the company’s stock, valued at approximately $1,577,307.42. The trade was a 8.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David H. Dupuy bought 10,000 shares of the stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $15.13 per share, for a total transaction of $151,300.00. Following the acquisition, the chief executive officer owned 557,262 shares of the company’s stock, valued at $8,431,374.06. This trade represents a 1.83% increase in their position. The SEC filing for this purchase provides additional information. 5.30% of the stock is owned by corporate insiders.

Institutional Trading of Community Healthcare Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of CHCT. Bank of New York Mellon Corp purchased a new position in Community Healthcare Trust during the second quarter valued at approximately $4,607,000. BlackRock Inc. bought a new position in Community Healthcare Trust during the second quarter valued at $48,221,000. Man Group plc bought a new stake in shares of Community Healthcare Trust in the 2nd quarter worth about $1,072,000. Palisade Capital Management LP bought a new position in shares of Community Healthcare Trust in the 2nd quarter valued at about $3,881,000. Finally, Bank of America Corp DE purchased a new position in Community Healthcare Trust during the second quarter worth $2,175,000. 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 owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.