Community Healthcare Trust (NYSE:CHCT – Get Free Report) had its price objective hoisted by equities research analysts at Truist Financial from $19.00 to $20.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target suggests a potential upside of 11.23% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Evercore set a $17.00 price objective on shares of Community Healthcare Trust in a research note on Thursday, February 19th. Piper Sandler increased their price objective on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Community Healthcare Trust in a research note on Monday, May 18th. Finally, Zacks Research lowered shares of Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.33.
Community Healthcare Trust Stock Performance
Community Healthcare Trust (NYSE:CHCT – Get Free Report) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $31.52 million during the quarter, compared to analyst estimates of $31.03 million. Community Healthcare Trust had a net margin of 4.94% and a return on equity of 1.41%. On average, research analysts anticipate that Community Healthcare Trust will post 1.86 EPS for the current fiscal year.
Institutional Trading of Community Healthcare Trust
A number of large investors have recently added to or reduced their stakes in CHCT. Kestra Advisory Services LLC acquired a new stake in Community Healthcare Trust in the 4th quarter worth $49,000. Creative Financial Designs Inc. ADV raised its stake in shares of Community Healthcare Trust by 104.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 1,817 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Community Healthcare Trust by 992.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 4,107 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Community Healthcare Trust by 143.6% during the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 3,470 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $114,000. 87.84% of the stock is currently owned by institutional investors.
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.
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