Community Healthcare Trust (CHCT) Lifted to B at TheStreet

Community Healthcare Trust (NYSE:CHCT) was upgraded by TheStreet from a “c” rating to a “b” rating in a research report issued to clients and investors on Monday.

A number of other analysts also recently issued reports on the company. B. Riley raised their target price on Community Healthcare Trust from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, May 11th. Zacks Investment Research raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Sandler O’Neill set a $28.00 price target on Community Healthcare Trust and gave the company a “buy” rating in a research report on Monday, February 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $27.50.

NYSE:CHCT opened at $26.23 on Monday. Community Healthcare Trust has a 1 year low of $22.41 and a 1 year high of $30.64. The firm has a market capitalization of $477.77 million, a price-to-earnings ratio of 18.60 and a beta of 0.79.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.28). Community Healthcare Trust had a return on equity of 1.73% and a net margin of 10.96%. The firm had revenue of $10.96 million during the quarter, compared to analysts’ expectations of $10.52 million. equities analysts predict that Community Healthcare Trust will post 1.65 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. grew its position in shares of Community Healthcare Trust by 20.2% in the fourth quarter. American International Group Inc. now owns 13,665 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 2,292 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Community Healthcare Trust by 7.2% in the fourth quarter. Victory Capital Management Inc. now owns 48,530 shares of the real estate investment trust’s stock valued at $1,364,000 after purchasing an additional 3,280 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Community Healthcare Trust by 28.8% in the first quarter. Thrivent Financial for Lutherans now owns 17,210 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 3,849 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Community Healthcare Trust by 3.4% in the first quarter. Principal Financial Group Inc. now owns 132,381 shares of the real estate investment trust’s stock valued at $3,407,000 after purchasing an additional 4,408 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Community Healthcare Trust by 2.4% in the first quarter. Northern Trust Corp now owns 219,298 shares of the real estate investment trust’s stock valued at $5,645,000 after purchasing an additional 5,161 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

Community Healthcare Trust Company Profile

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.

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