B. Riley Lowers Community Healthcare Trust (CHCT) Price Target to $31.00
Community Healthcare Trust (NYSE:CHCT) had its price target reduced by equities researchers at B. Riley from $32.00 to $31.00 in a research report issued on Monday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. B. Riley’s target price points to a potential upside of 6.20% from the stock’s current price. B. Riley also issued estimates for Community Healthcare Trust’s Q4 2018 earnings at $0.41 EPS, Q1 2019 earnings at $0.44 EPS and Q3 2019 earnings at $0.49 EPS.
Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, October 3rd. ValuEngine upgraded Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Finally, SunTrust Banks restated a “buy” rating and set a $36.00 target price on shares of Community Healthcare Trust in a research note on Thursday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $31.50.
Shares of Community Healthcare Trust stock opened at $29.19 on Monday. The stock has a market cap of $555.27 million, a PE ratio of 20.70 and a beta of 0.79. Community Healthcare Trust has a 1-year low of $22.41 and a 1-year high of $32.81.
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 $416.8 million in 91 real estate properties as of June 30, 2018, located in 27 states, totaling approximately 2.1 million square feet.
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