Community Healthcare Trust (NYSE:CHCT) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Several other research analysts have also issued reports on the stock. Piper Sandler raised their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Truist Financial lifted their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Community Healthcare Trust has a consensus rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Price Performance

NYSE:CHCT opened at $20.00 on Friday. Community Healthcare Trust has a one year low of $15.06 and a one year high of $28.10. The firm’s 50 day simple moving average is $19.12 and its 200 day simple moving average is $18.63. The company has a market cap of $564.80 million, a PE ratio of -222.22, a P/E/G ratio of 1.35 and a beta of 0.69.

Hedge Funds Weigh In On Community Healthcare Trust

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in Community Healthcare Trust by 136.1% during the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 905 shares during the last quarter. AlphaQuest LLC grew its position in Community Healthcare Trust by 86.7% during the fourth quarter. AlphaQuest LLC now owns 35,407 shares of the real estate investment trust’s stock valued at $680,000 after acquiring an additional 16,446 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Community Healthcare Trust by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 1,828 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Community Healthcare Trust during the fourth quarter valued at approximately $229,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Community Healthcare Trust by 58.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 360,532 shares of the real estate investment trust’s stock valued at $6,926,000 after purchasing an additional 133,482 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

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.