Community Healthcare Trust (CHCT) Cut to “Hold” at ValuEngine
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.
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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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