Shares of Community Healthcare Trust Inc (NYSE:CHCT) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $43.84.
Several brokerages have weighed in on CHCT. SunTrust Banks reiterated a “positive” rating and issued a $50.00 target price on shares of Community Healthcare Trust in a research note on Tuesday, December 3rd. Sandler O’Neill upgraded Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Monday, November 18th. Evercore ISI reiterated a “hold” rating on shares of Community Healthcare Trust in a research note on Monday, November 11th. Finally, Zacks Investment Research upgraded Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, January 7th.
Shares of CHCT stock traded down $0.88 during midday trading on Tuesday, hitting $43.46. The company had a trading volume of 89,900 shares, compared to its average volume of 110,611. The company’s 50 day simple moving average is $44.57 and its 200 day simple moving average is $43.72. Community Healthcare Trust has a 52-week low of $30.44 and a 52-week high of $49.17. The stock has a market cap of $879.14 million, a price-to-earnings ratio of 27.33 and a beta of 0.66.
Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.53%. The company had revenue of $16.26 million during the quarter, compared to analysts’ expectations of $15.54 million. Analysts forecast that Community Healthcare Trust will post 1.66 EPS for the current fiscal year.
In related news, COO W. Page Barnes sold 5,263 shares of Community Healthcare Trust stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $46.00, for a total value of $242,098.00. Following the sale, the chief operating officer now directly owns 190,463 shares in the company, valued at $8,761,298. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.70% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of CHCT. Vanguard Group Inc. boosted its stake in shares of Community Healthcare Trust by 116.8% in the second quarter. Vanguard Group Inc. now owns 2,209,056 shares of the real estate investment trust’s stock valued at $87,059,000 after buying an additional 1,190,028 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Community Healthcare Trust by 38.0% in the second quarter. Bank of New York Mellon Corp now owns 511,814 shares of the real estate investment trust’s stock valued at $20,171,000 after buying an additional 140,879 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Community Healthcare Trust by 22.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 480,235 shares of the real estate investment trust’s stock valued at $18,926,000 after buying an additional 88,938 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Community Healthcare Trust in the second quarter valued at approximately $3,036,000. Finally, BlackRock Inc. boosted its stake in shares of Community Healthcare Trust by 2.6% in the second quarter. BlackRock Inc. now owns 3,034,010 shares of the real estate investment trust’s stock valued at $119,570,000 after buying an additional 75,936 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.
About Community Healthcare Trust
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 $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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