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

Community Healthcare Trust (NYSE:CHCT) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other research firms also recently issued reports on CHCT. Truist Financial increased their target price on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price objective for the company from $21.00 to $18.00 in a research report on Monday, September 16th. Finally, Piper Sandler boosted their target price 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Community Healthcare Trust has an average rating of “Hold” and a consensus price target of $21.25.

Community Healthcare Trust Stock Performance

Shares of CHCT stock traded up $0.42 on Tuesday, reaching $19.27. 171,518 shares of the company’s stock traded hands, compared to its average volume of 206,564. The company has a market capitalization of $544.22 million, a P/E ratio of -214.11, a price-to-earnings-growth ratio of 1.24 and a beta of 0.68. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $28.10. The business’s 50 day moving average price is $18.68 and its two-hundred day moving average price is $19.31.

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

Institutional Trading of Community Healthcare Trust

Several large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. grew its stake in Community Healthcare Trust by 71.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,801 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 7,431 shares during the last quarter. Barclays PLC boosted its holdings in Community Healthcare Trust by 159.1% during the third quarter. Barclays PLC now owns 42,054 shares of the real estate investment trust’s stock valued at $762,000 after acquiring an additional 25,826 shares during the period. Geode Capital Management LLC grew its position in shares of Community Healthcare Trust by 1.4% in the third quarter. Geode Capital Management LLC now owns 674,517 shares of the real estate investment trust’s stock valued at $12,245,000 after purchasing an additional 9,256 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Community Healthcare Trust by 3.1% in the third quarter. Public Employees Retirement System of Ohio now owns 35,739 shares of the real estate investment trust’s stock worth $649,000 after purchasing an additional 1,082 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Community Healthcare Trust by 400.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 77,631 shares of the real estate investment trust’s stock worth $1,409,000 after purchasing an additional 62,116 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

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.