Community Healthcare Trust (NYSE:CHCT) Stock Price Expected to Rise, Piper Sandler Analyst Says

Community Healthcare Trust (NYSE:CHCT) had its price target increased by investment analysts at Piper Sandler from $14.00 to $16.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler‘s price objective suggests a potential upside of 8.51% from the company’s previous close.

Several other research firms have also recently commented on CHCT. Weiss Ratings cut Community Healthcare Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Huntington assumed coverage on Community Healthcare Trust in a report on Friday, July 17th. They issued an “outperform” rating and a $20.00 target price for the company. Finally, Truist Financial dropped their price target on Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.50.

Community Healthcare Trust Stock Up 0.0%

CHCT traded up $0.01 during trading on Thursday, reaching $14.74. 370,793 shares of the stock traded hands, compared to its average volume of 318,292. The stock’s 50-day moving average is $13.93 and its 200 day moving average is $16.31. Community Healthcare Trust has a 12 month low of $12.58 and a 12 month high of $19.17. The stock has a market capitalization of $422.44 million, a PE ratio of 20.20 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. The firm had revenue of $32.44 million during the quarter, compared to analyst estimates of $31.26 million. As a group, equities research analysts anticipate that Community Healthcare Trust will post 1.87 EPS for the current year.

Insider Buying and Selling at Community Healthcare Trust

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

Institutional Trading of Community Healthcare Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Community Healthcare Trust in the second quarter worth approximately $48,221,000. Dimensional Fund Advisors LP increased its holdings in shares of Community Healthcare Trust by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 389,811 shares of the real estate investment trust’s stock valued at $6,194,000 after acquiring an additional 7,975 shares in the last quarter. Sei Investments Co. raised its position in shares of Community Healthcare Trust by 34.1% during the first quarter. Sei Investments Co. now owns 360,542 shares of the real estate investment trust’s stock worth $5,729,000 after purchasing an additional 91,740 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Community Healthcare Trust during the second quarter worth approximately $4,607,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Community Healthcare Trust by 5.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 318,982 shares of the real estate investment trust’s stock worth $4,523,000 after purchasing an additional 16,068 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE: CHCT) is a real estate investment trust that owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.