Community Healthcare Trust (NYSE:CHCT) Stock Price Target Cut by Piper Sandler

Community Healthcare Trust (NYSE:CHCT) had its price objective reduced by research analysts at Piper Sandler from $17.00 to $14.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price target suggests a potential upside of 3.89% from the company’s current price.

A number of other analysts have also recently commented on CHCT. Truist Financial cut their price target on shares of Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday. Weiss Ratings downgraded shares of Community Healthcare Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Finally, Huntington began coverage on shares of Community Healthcare Trust in a research note on Friday, July 17th. They set an “outperform” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.00.

Community Healthcare Trust Trading Down 0.4%

NYSE CHCT opened at $13.48 on Monday. The company has a market cap of $386.09 million, a PE ratio of 20.11 and a beta of 0.68. Community Healthcare Trust has a 12 month low of $13.30 and a 12 month high of $19.17. The stock has a 50 day moving average of $14.57 and a 200-day moving average of $16.50.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $30.97 million during the quarter, compared to the consensus estimate of $31.77 million. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. As a group, sell-side analysts predict that Community Healthcare Trust will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Community Healthcare Trust news, CEO David H. Dupuy acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $15.13 per share, with a total value of $151,300.00. Following the completion of the transaction, the chief executive officer directly owned 557,262 shares in the company, valued at approximately $8,431,374.06. This represents a 1.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Z. Hensley bought 8,000 shares of Community Healthcare Trust stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $15.21 per share, with a total value of $121,680.00. Following the completion of the purchase, the director directly owned 103,702 shares in the company, valued at $1,577,307.42. This trade represents a 8.36% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On Community Healthcare Trust

Several hedge funds have recently added to or reduced their stakes in CHCT. Integrated Wealth Concepts LLC acquired a new position in Community Healthcare Trust in the 2nd quarter valued at about $27,000. Legal & General Group Plc bought a new position in Community Healthcare Trust in the 2nd quarter valued at about $51,000. Quantbot Technologies LP bought a new position in Community Healthcare Trust in the 2nd quarter valued at about $58,000. PVG Asset Management Corp acquired a new stake in Community Healthcare Trust during the second quarter worth approximately $189,000. Finally, State of Wyoming acquired a new stake in Community Healthcare Trust during the second quarter worth approximately $226,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is a real estate investment trust focused on owning and operating healthcare-related properties. The company primarily invests in facilities that provide outpatient healthcare services, including medical office buildings, physician clinics, specialty facilities, behavioral health properties, ambulatory surgery centers and other healthcare-focused real estate.

Community Healthcare Trust generally targets properties located in non-urban and underserved communities across the United States.