Investment Analysts’ Weekly Ratings Changes for Community Healthcare Trust (CHCT)

A number of research firms have changed their ratings and price targets for Community Healthcare Trust (NYSE: CHCT):

  • 10/11/2018 – Community Healthcare Trust was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/9/2018 – Community Healthcare Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 10/3/2018 – Community Healthcare Trust was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/3/2018 – Community Healthcare Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. 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. “
  • 8/15/2018 – Community Healthcare Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/13/2018 – Community Healthcare Trust had its price target raised by analysts at B. Riley from $28.00 to $32.00. They now have a “hold” rating on the stock.

Shares of CHCT stock traded down $0.58 during trading hours on Friday, reaching $27.96. 81,700 shares of the company’s stock were exchanged, compared to its average volume of 127,947. The company has a market cap of $563.84 million, a PE ratio of 19.83 and a beta of 0.80. Community Healthcare Trust Inc has a fifty-two week low of $22.41 and a fifty-two week high of $32.81.

Several hedge funds have recently modified their holdings of CHCT. Millennium Management LLC increased its position in shares of Community Healthcare Trust by 87.9% during the first quarter. Millennium Management LLC now owns 435,885 shares of the real estate investment trust’s stock worth $11,220,000 after purchasing an additional 203,877 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Community Healthcare Trust by 326.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 204,819 shares of the real estate investment trust’s stock valued at $2,274,000 after acquiring an additional 156,766 shares during the period. BlackRock Inc. increased its position in shares of Community Healthcare Trust by 4.2% in the 2nd quarter. BlackRock Inc. now owns 2,744,655 shares of the real estate investment trust’s stock valued at $81,983,000 after acquiring an additional 109,825 shares during the period. Foundry Partners LLC increased its position in shares of Community Healthcare Trust by 67.6% in the 1st quarter. Foundry Partners LLC now owns 217,695 shares of the real estate investment trust’s stock valued at $5,603,000 after acquiring an additional 87,820 shares during the period. Finally, Citadel Advisors LLC increased its position in shares of Community Healthcare Trust by 544.4% in the 2nd quarter. Citadel Advisors LLC now owns 75,464 shares of the real estate investment trust’s stock valued at $2,254,000 after acquiring an additional 63,754 shares during the period. 90.90% of the stock is currently owned by institutional investors and hedge funds.

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 $413.3 million in 89 real estate properties, including one mortgage note, as of March 31, 2018, located in 27 states, totaling approximately 2.0 million square feet.

Further Reading: How Do You Calculate Return on Investment (ROI)?

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