Community Healthcare Trust (NYSE:CHCT) Price Target Raised to $23.00 at Truist Financial

Community Healthcare Trust (NYSE:CHCT) had its price objective hoisted by equities researchers at Truist Financial from $22.00 to $23.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential upside of 27.07% from the company’s current price.

Other research analysts have also issued research reports about the stock. Piper Sandler raised their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Finally, Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their price target for the stock from $21.00 to $18.00 in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Stock Down 0.9 %

Shares of NYSE CHCT opened at $18.10 on Wednesday. The stock has a market capitalization of $511.18 million, a PE ratio of -201.11, a P/E/G ratio of 1.24 and a beta of 0.68. The firm has a fifty day moving average of $18.29 and a 200-day moving average of $19.90. Community Healthcare Trust has a 52-week low of $15.06 and a 52-week high of $28.10.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). The firm had revenue of $29.64 million for the quarter, compared to analysts’ expectations of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same period last year, the firm posted $0.63 EPS. Equities research analysts expect that Community Healthcare Trust will post 1.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Community Healthcare Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. boosted its stake in Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 840 shares during the period. SG Americas Securities LLC boosted its position in Community Healthcare Trust by 65.7% during the 2nd quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 3,630 shares during the period. Woodmont Investment Counsel LLC bought a new position in Community Healthcare Trust during the 3rd quarter worth $182,000. B. Riley Wealth Advisors Inc. acquired a new stake in Community Healthcare Trust in the second quarter worth $243,000. Finally, American Century Companies Inc. lifted its stake in Community Healthcare Trust by 5.5% in the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 552 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

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.