Community Healthcare Trust (NYSE:CHCT) PT Raised to $42.00

Community Healthcare Trust (NYSE:CHCT) had its price target increased by B. Riley from $38.00 to $42.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. B. Riley’s price target indicates a potential downside of 7.04% from the stock’s previous close. B. Riley also issued estimates for Community Healthcare Trust’s Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $1.65 EPS and Q1 2020 earnings at $0.50 EPS.

Other analysts also recently issued research reports about the company. ValuEngine downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Zacks Investment Research downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Janney Montgomery Scott downgraded Community Healthcare Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $41.61.

NYSE CHCT traded down $0.04 on Thursday, hitting $45.18. 113,120 shares of the company were exchanged, compared to its average volume of 118,463. The company’s 50 day moving average price is $45.45 and its 200-day moving average price is $41.34. The firm has a market capitalization of $893.29 million, a P/E ratio of 28.42 and a beta of 0.72. Community Healthcare Trust has a twelve month low of $27.54 and a twelve month high of $49.17.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.32). The company had revenue of $16.26 million for the quarter, compared to analyst estimates of $15.54 million. Community Healthcare Trust had a return on equity of 1.56% and a net margin of 7.61%. Equities research analysts expect that Community Healthcare Trust will post 1.67 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund increased its stake in shares of Community Healthcare Trust by 2.1% in the third quarter. Texas Permanent School Fund now owns 12,417 shares of the real estate investment trust’s stock valued at $553,000 after buying an additional 255 shares during the period. 6 Meridian raised its stake in shares of Community Healthcare Trust by 1.4% in the second quarter. 6 Meridian now owns 22,006 shares of the real estate investment trust’s stock worth $867,000 after purchasing an additional 310 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Community Healthcare Trust by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 8,272 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 325 shares during the last quarter. Comerica Bank raised its stake in shares of Community Healthcare Trust by 1.9% in the third quarter. Comerica Bank now owns 17,299 shares of the real estate investment trust’s stock worth $803,000 after purchasing an additional 325 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Community Healthcare Trust by 1.3% in the second quarter. Arizona State Retirement System now owns 27,798 shares of the real estate investment trust’s stock worth $1,096,000 after purchasing an additional 365 shares during 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.

Featured Article: What is the Gross Domestic Product (GDP)?

Stock Target Advisor

Analyst Recommendations for Community Healthcare Trust (NYSE:CHCT)

Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.