Community Healthcare Trust (NYSE:CHCT) Upgraded at StockNews.com

StockNews.com upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a sell rating to a hold rating in a research report report published on Saturday morning.

CHCT has been the subject of several other research reports. Piper Sandler increased their target price on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Truist Financial increased their price target on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.25.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT opened at $20.00 on Friday. The company has a market capitalization of $564.80 million, a PE ratio of -222.22, a PEG ratio of 1.35 and a beta of 0.69. Community Healthcare Trust has a 52 week low of $15.06 and a 52 week high of $28.10. The company has a 50 day moving average price of $19.12 and a two-hundred day moving average price of $18.63.

Hedge Funds Weigh In On Community Healthcare Trust

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in Community Healthcare Trust by 65.5% during the second quarter. The Manufacturers Life Insurance Company now owns 17,582 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 6,957 shares during the period. Creative Planning bought a new position in Community Healthcare Trust in the 2nd quarter valued at about $306,000. SG Americas Securities LLC increased its holdings in Community Healthcare Trust by 6.8% in the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 618 shares during the period. Park Avenue Securities LLC bought a new position in Community Healthcare Trust in the 3rd quarter valued at about $319,000. Finally, Inspire Investing LLC increased its holdings in Community Healthcare Trust by 49.7% in the 3rd quarter. Inspire Investing LLC now owns 22,699 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 7,533 shares during the period. 87.84% of the stock is owned by institutional investors.

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.