Wall Street Zen Upgrades Community Healthcare Trust (NYSE:CHCT) to Buy

Community Healthcare Trust (NYSE:CHCT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other brokerages have also recently issued reports on CHCT. Zacks Research raised Community Healthcare Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Truist Financial lifted their price target on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Piper Sandler boosted their price objective on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday. Evercore set a $17.00 target price on shares of Community Healthcare Trust in a research note on Thursday. Finally, Weiss Ratings upgraded shares of Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.33.

Community Healthcare Trust Price Performance

Community Healthcare Trust stock opened at $17.07 on Friday. The company has a market capitalization of $487.75 million, a price-to-earnings ratio of 243.92 and a beta of 0.75. Community Healthcare Trust has a one year low of $13.23 and a one year high of $19.38. The company’s fifty day moving average price is $16.88 and its two-hundred day moving average price is $15.60.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Tuesday, February 17th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The company had revenue of $30.95 million during the quarter, compared to analyst estimates of $31.33 million. Community Healthcare Trust had a return on equity of 1.16% and a net margin of 4.21%. As a group, sell-side analysts anticipate that Community Healthcare Trust will post 1.85 earnings per share for the current year.

Institutional Trading of Community Healthcare Trust

Several hedge funds and other institutional investors have recently bought and sold shares of CHCT. Versant Capital Management Inc increased its stake in Community Healthcare Trust by 111.9% in the third quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,129 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Community Healthcare Trust in the 4th quarter valued at approximately $49,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Community Healthcare Trust by 104.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,817 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Community Healthcare Trust by 992.0% during the 4th quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 4,107 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Community Healthcare Trust by 143.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 3,470 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.