Community Healthcare Trust (NYSE:CHCT) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other brokerages also recently issued reports on CHCT. BidaskClub downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $26.50.

Shares of Community Healthcare Trust (NYSE:CHCT) traded down $0.05 during trading hours on Friday, hitting $27.21. The stock had a trading volume of 208,539 shares, compared to its average volume of 234,806. Community Healthcare Trust has a one year low of $21.14 and a one year high of $29.16. The firm has a market capitalization of $492.12, a price-to-earnings ratio of 18.77 and a beta of 0.99.

A number of institutional investors have recently made changes to their positions in CHCT. Prudential Financial Inc. grew its holdings in Community Healthcare Trust by 33.5% during the third quarter. Prudential Financial Inc. now owns 1,582,381 shares of the real estate investment trust’s stock worth $42,661,000 after buying an additional 397,515 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in Community Healthcare Trust during the third quarter worth $8,867,000. Eagle Boston Investment Management Inc. bought a new position in Community Healthcare Trust in the 3rd quarter valued at $8,290,000. Adelante Capital Management LLC bought a new position in Community Healthcare Trust in the 3rd quarter valued at $6,740,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Community Healthcare Trust in the 3rd quarter valued at $4,089,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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About Community Healthcare Trust

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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