Community Healthcare Trust (NYSE:CHCT) Price Target Cut to $30.00

Community Healthcare Trust (NYSE:CHCT) had its price target cut by investment analysts at Evercore ISI from $32.00 to $30.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price would suggest a potential upside of 20.19% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Truist Financial cut their price target on shares of Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Piper Sandler decreased their price target on shares of Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.67.

Community Healthcare Trust Trading Up 0.9 %

CHCT opened at $24.96 on Tuesday. The company has a market cap of $691.14 million, a price-to-earnings ratio of 118.86, a PEG ratio of 1.33 and a beta of 0.65. The company’s 50 day moving average is $26.43 and its 200 day moving average is $26.82. Community Healthcare Trust has a 12-month low of $24.50 and a 12-month high of $37.15.

Hedge Funds Weigh In On Community Healthcare Trust

Several institutional investors have recently bought and sold shares of CHCT. Point72 Hong Kong Ltd purchased a new stake in Community Healthcare Trust during the second quarter worth approximately $27,000. US Bancorp DE increased its position in shares of Community Healthcare Trust by 1,335.3% in the fourth quarter. US Bancorp DE now owns 1,665 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 1,549 shares in the last quarter. Quadrant Capital Group LLC increased its position in Community Healthcare Trust by 264.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,323 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Community Healthcare Trust by 196.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,794 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in Community Healthcare Trust by 28.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,253 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 499 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).