Community Healthcare Trust Incorporated (NYSE:CHCT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

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. “

Other research analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Evercore ISI increased their target price on shares of Community Healthcare Trust from $25.50 to $26.50 and gave the stock an “outperform” rating in a report on Tuesday, July 4th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $26.50.

Shares of Community Healthcare Trust (CHCT) traded down 0.11% on Wednesday, reaching $27.37. 52,980 shares of the company were exchanged. Community Healthcare Trust has a 52 week low of $19.61 and a 52 week high of $27.95. The company’s 50-day moving average is $27.01 and its 200-day moving average is $27.01. The company has a market capitalization of $347.22 million, a price-to-earnings ratio of 99.89 and a beta of 1.02.

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Institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in Community Healthcare Trust by 20.9% during the 1st quarter. Bank of America Corp DE now owns 5,141 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 888 shares in the last quarter. UBS Group AG boosted its holdings in shares of Community Healthcare Trust by 3.9% in the 1st quarter. UBS Group AG now owns 6,357 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 238 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Community Healthcare Trust by 7.0% in the 1st quarter. American International Group Inc. now owns 7,759 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 510 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at about $201,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at about $204,000. Institutional investors own 60.22% of the company’s stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.

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