Zacks Research Downgrades Community Healthcare Trust (NYSE:CHCT) to Hold

Community Healthcare Trust (NYSE:CHCT) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Truist Financial raised their price objective on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Evercore set a $17.00 target price on Community Healthcare Trust in a research report on Thursday, February 19th. Wall Street Zen raised Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings raised Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 18th. Finally, Piper Sandler lifted their target price on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.33.

Community Healthcare Trust Trading Up 0.4%

CHCT opened at $17.08 on Thursday. The company has a market cap of $488.06 million, a P/E ratio of 244.08 and a beta of 0.75. The company’s 50 day moving average is $16.97 and its 200-day moving average is $15.66. Community Healthcare Trust has a 1-year low of $13.23 and a 1-year high of $19.01.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). Community Healthcare Trust had a net margin of 4.21% and a return on equity of 1.16%. The company had revenue of $30.95 million during the quarter, compared to the consensus estimate of $31.33 million. On average, equities analysts forecast that Community Healthcare Trust will post 1.85 EPS for the current year.

Hedge Funds Weigh In On Community Healthcare Trust

Institutional investors and hedge funds have recently modified their holdings of the business. ProShare Advisors LLC bought a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at $6,094,000. Ameriprise Financial Inc. raised its holdings in shares of Community Healthcare Trust by 667.6% during the third quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock valued at $5,809,000 after purchasing an additional 330,203 shares during the period. Kennedy Capital Management LLC grew its stake in shares of Community Healthcare Trust by 66.0% in the 3rd quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock valued at $12,339,000 after buying an additional 320,546 shares during the period. Invesco Ltd. increased its position in Community Healthcare Trust by 38.9% in the 3rd quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock valued at $16,221,000 after buying an additional 297,179 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Community Healthcare Trust by 400.9% in the second quarter. AQR Capital Management LLC now owns 218,822 shares of the real estate investment trust’s stock worth $3,639,000 after acquiring an additional 175,133 shares in the last quarter. 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.