Community Healthcare Trust (NYSE:CHCT) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Community Healthcare Trust (NYSE:CHCT) from a hold rating to a sell rating in a research note released on Friday morning.

Several other research firms also recently issued reports on CHCT. Truist Financial lifted their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler boosted their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.25.

Community Healthcare Trust Stock Up 0.2 %

Shares of CHCT stock opened at $19.83 on Friday. The company has a market capitalization of $560.00 million, a price-to-earnings ratio of -220.33, a P/E/G ratio of 1.36 and a beta of 0.68. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $28.10. The firm has a fifty day moving average of $18.97 and a 200-day moving average of $18.89.

Hedge Funds Weigh In On Community Healthcare Trust

Several hedge funds have recently modified their holdings of CHCT. Systematic Financial Management LP grew its stake in shares of Community Healthcare Trust by 25.0% in the third quarter. Systematic Financial Management LP now owns 936,753 shares of the real estate investment trust’s stock valued at $17,002,000 after buying an additional 187,510 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Community Healthcare Trust by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 674,517 shares of the real estate investment trust’s stock valued at $12,245,000 after acquiring an additional 9,256 shares during the period. Jane Street Group LLC increased its stake in shares of Community Healthcare Trust by 1,395.6% during the 3rd quarter. Jane Street Group LLC now owns 492,063 shares of the real estate investment trust’s stock worth $8,931,000 after purchasing an additional 459,163 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Community Healthcare Trust by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 372,488 shares of the real estate investment trust’s stock valued at $8,712,000 after purchasing an additional 6,836 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Community Healthcare Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 227,050 shares of the real estate investment trust’s stock valued at $4,121,000 after purchasing an additional 10,824 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.