Community Healthcare Trust (NYSE:CHCT) Given Underperform Rating at Evercore ISI

Community Healthcare Trust (NYSE:CHCT)‘s stock had its “underperform” rating restated by research analysts at Evercore ISI in a research note issued on Wednesday, Benzinga reports. They presently have a $25.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $27.00. Evercore ISI’s price target suggests a potential upside of 14.84% from the company’s current price.

A number of other analysts have also weighed in on CHCT. Piper Sandler reissued a “neutral” rating and issued a $26.00 price objective (down from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday, May 1st. Truist Financial cut their price objective on Community Healthcare Trust from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, June 17th. Finally, Robert W. Baird lowered their target price on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.50.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock traded down $5.74 on Wednesday, reaching $21.77. The company had a trading volume of 583,088 shares, compared to its average volume of 187,396. The firm has a market cap of $603.03 million, a price-to-earnings ratio of 34.09, a P/E/G ratio of 1.63 and a beta of 0.68. The firm’s 50-day moving average price is $24.02 and its two-hundred day moving average price is $25.25. Community Healthcare Trust has a 1 year low of $21.38 and a 1 year high of $36.71.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.92). The firm had revenue of $27.52 million for the quarter, compared to the consensus estimate of $30.02 million. Community Healthcare Trust had a net margin of 15.91% and a return on equity of 3.57%. During the same quarter last year, the firm earned $0.63 EPS. As a group, analysts anticipate that Community Healthcare Trust will post 2.06 EPS for the current year.

Institutional Trading of Community Healthcare Trust

A number of hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new position in Community Healthcare Trust during the 1st quarter valued at about $34,000. Quadrant Capital Group LLC increased its holdings in Community Healthcare Trust by 264.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,323 shares during the period. Van ECK Associates Corp increased its holdings in Community Healthcare Trust by 25.1% during the fourth quarter. Van ECK Associates Corp now owns 3,740 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 751 shares during the period. SG Americas Securities LLC raised its stake in Community Healthcare Trust by 65.7% in the second quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 3,630 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Community Healthcare Trust by 67.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 3,260 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

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).