Community Healthcare Trust (NYSE:CHCT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $31.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.03% from the stock’s previous close.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Other research analysts also recently issued research reports about the stock. SunTrust Banks reissued a “buy” rating and issued a $36.00 target price on shares of Community Healthcare Trust in a research note on Thursday, August 9th. ValuEngine raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. Finally, B. Riley lifted their price target on Community Healthcare Trust from $28.00 to $32.00 and gave the company a “hold” rating in a report on Monday, August 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.75.

CHCT stock traded down $0.04 during trading on Monday, hitting $27.92. The stock had a trading volume of 108,100 shares, compared to its average volume of 127,847. Community Healthcare Trust has a 1-year low of $22.41 and a 1-year high of $32.81. The company has a market capitalization of $563.84 million, a price-to-earnings ratio of 19.80 and a beta of 0.80.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its holdings in Community Healthcare Trust by 1.0% in the 2nd quarter. Northern Trust Corp now owns 221,579 shares of the real estate investment trust’s stock valued at $6,619,000 after buying an additional 2,281 shares during the period. Rhumbline Advisers grew its holdings in Community Healthcare Trust by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 44,018 shares of the real estate investment trust’s stock valued at $1,315,000 after buying an additional 2,440 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Community Healthcare Trust by 8.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 37,928 shares of the real estate investment trust’s stock valued at $1,133,000 after buying an additional 3,100 shares during the period. MetLife Investment Advisors LLC grew its holdings in Community Healthcare Trust by 57.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 10,565 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 3,835 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new stake in Community Healthcare Trust in the 2nd quarter valued at about $120,000. Institutional investors own 90.90% 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 $416.8 million in 91 real estate properties as of June 30, 2018, located in 27 states, totaling approximately 2.1 million square feet.

See Also: Outstanding Shares

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