Community Healthcare Trust (NYSE:CHCT) Rating Increased to Buy at Zacks Investment Research

Community Healthcare Trust (NYSE:CHCT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Zacks.com reports. The brokerage currently has a $52.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.79% from the company’s current price.

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. “

CHCT has been the subject of several other reports. Janney Montgomery Scott downgraded shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. ValuEngine downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $39.41.

Community Healthcare Trust stock opened at $45.70 on Monday. Community Healthcare Trust has a 1 year low of $27.54 and a 1 year high of $47.11. The firm has a 50 day moving average price of $43.91 and a 200 day moving average price of $40.37. The company has a market cap of $904.31 million, a price-to-earnings ratio of 28.74 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.32). Community Healthcare Trust had a net margin of 6.91% and a return on equity of 1.32%. The company had revenue of $14.32 million during the quarter, compared to analysts’ expectations of $14.50 million. As a group, analysts anticipate that Community Healthcare Trust will post 1.67 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coastal Investment Advisors Inc. acquired a new position in shares of Community Healthcare Trust during the second quarter worth $59,000. Quantamental Technologies LLC raised its holdings in Community Healthcare Trust by 49.8% in the second quarter. Quantamental Technologies LLC now owns 1,505 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 500 shares in the last quarter. KBC Group NV acquired a new stake in Community Healthcare Trust in the second quarter valued at $74,000. Bank of Montreal Can raised its holdings in Community Healthcare Trust by 318.9% in the second quarter. Bank of Montreal Can now owns 2,191 shares of the real estate investment trust’s stock valued at $86,000 after acquiring an additional 1,668 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Community Healthcare Trust by 25.0% in the second quarter. Daiwa Securities Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

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 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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Analyst Recommendations for Community Healthcare Trust (NYSE:CHCT)

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