Community Healthcare Trust (NYSE:CHCT) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Community Healthcare Trust (NYSE:CHCT) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

A number of other equities research analysts have also commented on CHCT. Truist Financial raised their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Piper Sandler lifted their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Price Performance

NYSE CHCT opened at $19.83 on Friday. Community Healthcare Trust has a one year low of $15.06 and a one year high of $28.10. The firm has a market cap of $560.00 million, a P/E ratio of -220.33, a P/E/G ratio of 1.36 and a beta of 0.68. The stock’s 50-day moving average is $18.97 and its 200-day moving average is $18.99.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The business had revenue of $29.64 million for the quarter, compared to the consensus estimate of $29.06 million. During the same period in the previous year, the company posted $0.63 earnings per share. Equities analysts anticipate that Community Healthcare Trust will post 1.84 EPS for the current year.

Hedge Funds Weigh In On Community Healthcare Trust

Institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its position in shares of Community Healthcare Trust by 11.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 840 shares during the period. SG Americas Securities LLC lifted its stake in Community Healthcare Trust by 6.8% in the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 618 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in Community Healthcare Trust during the third quarter worth about $182,000. Point72 Asset Management L.P. acquired a new position in Community Healthcare Trust during the third quarter worth approximately $198,000. Finally, Point72 DIFC Ltd bought a new stake in Community Healthcare Trust in the third quarter valued at approximately $201,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.