Community Healthcare Trust (NYSE:CHCT) Price Target Raised to $20.00

Community Healthcare Trust (NYSE:CHCT) had its price target boosted by Truist Financial from $19.00 to $20.00 in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have a buy rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Community Healthcare Trust in a report on Wednesday, October 8th. Zacks Research upgraded shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Community Healthcare Trust currently has an average rating of “Hold” and a consensus target price of $18.50.

Community Healthcare Trust Stock Up 0.0%

Community Healthcare Trust stock opened at $17.15 on Tuesday. The business’s 50-day simple moving average is $15.94 and its 200 day simple moving average is $15.44. The stock has a market cap of $488.32 million, a price-to-earnings ratio of -42.88 and a beta of 0.75. Community Healthcare Trust has a 12-month low of $13.23 and a 12-month high of $20.87.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $31.09 million for the quarter, compared to the consensus estimate of $30.58 million. Community Healthcare Trust had a negative net margin of 6.27% and a negative return on equity of 1.66%. As a group, sell-side analysts expect that Community Healthcare Trust will post 1.85 EPS for the current year.

Insider Activity

In other Community Healthcare Trust news, Director Cathrine Cotman purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were bought at an average price of $14.66 per share, with a total value of $58,640.00. Following the completion of the transaction, the director directly owned 37,635 shares in the company, valued at $551,729.10. This trade represents a 11.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Community Healthcare Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Accel Wealth Management raised its holdings in Community Healthcare Trust by 20.0% during the 4th quarter. Accel Wealth Management now owns 12,000 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 2,000 shares during the period. TrueMark Investments LLC bought a new stake in shares of Community Healthcare Trust during the fourth quarter worth $403,000. Albert D Mason Inc. raised its holdings in shares of Community Healthcare Trust by 2.7% during the fourth quarter. Albert D Mason Inc. now owns 25,893 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 671 shares during the period. Pensionfund Sabic acquired a new stake in shares of Community Healthcare Trust during the fourth quarter worth $328,000. Finally, Pensionfund PDN bought a new stake in Community Healthcare Trust in the 4th quarter valued at $493,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

About Community Healthcare Trust

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.