Community Healthcare Trust (CHCT) Lifted to “Hold” at Zacks Investment Research

Community Healthcare Trust (NYSE:CHCT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Several other analysts also recently issued reports on CHCT. ValuEngine downgraded Community Healthcare Trust from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Berenberg Bank began coverage on Community Healthcare Trust in a report on Tuesday, April 23rd. They set a “buy” rating and a $41.00 price objective on the stock. Sandler O’Neill downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Robert W. Baird began coverage on Community Healthcare Trust in a report on Tuesday, April 9th. They set an “outperform” rating and a $35.05 price objective on the stock. Finally, DA Davidson began coverage on Community Healthcare Trust in a report on Thursday, March 28th. They set a “neutral” rating and a $38.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Community Healthcare Trust has a consensus rating of “Hold” and an average target price of $36.84.

Community Healthcare Trust stock traded up $0.45 during midday trading on Thursday, hitting $39.02. The company’s stock had a trading volume of 128,340 shares, compared to its average volume of 130,509. Community Healthcare Trust has a 12 month low of $27.43 and a 12 month high of $39.15. The stock has a market cap of $731.88 million, a PE ratio of 24.54 and a beta of 0.94.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). The business had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.73 million. Community Healthcare Trust had a return on equity of 1.45% and a net margin of 7.86%. Equities research analysts anticipate that Community Healthcare Trust will post 1.69 EPS for the current fiscal year.

In other news, CAO Leigh Ann Stach sold 7,500 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $33.59, for a total value of $251,925.00. Following the transaction, the chief accounting officer now owns 127,009 shares in the company, valued at approximately $4,266,232.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Synovus Financial Corp acquired a new position in shares of Community Healthcare Trust in the 4th quarter valued at about $29,000. Quantamental Technologies LLC bought a new stake in shares of Community Healthcare Trust in the 1st quarter valued at approximately $36,000. Advisor Group Inc. bought a new stake in shares of Community Healthcare Trust in the 4th quarter valued at approximately $31,000. LS Investment Advisors LLC grew its stake in shares of Community Healthcare Trust by 205.1% in the 4th quarter. LS Investment Advisors LLC now owns 1,739 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,169 shares in the last quarter. Finally, Private Capital Group LLC bought a new stake in shares of Community Healthcare Trust in the 1st quarter valued at approximately $74,000. Institutional investors own 90.43% of the company’s stock.

About Community Healthcare Trust

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 non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.

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