Community Healthcare Trust (NYSE:CHCT)‘s stock had its “positive” rating reaffirmed by stock analysts at SunTrust Banks in a report released on Tuesday, The Fly reports. They presently have a $50.00 target price on the real estate investment trust’s stock. SunTrust Banks’ target price suggests a potential upside of 5.55% from the company’s current price. SunTrust Banks also issued estimates for Community Healthcare Trust’s FY2019 earnings at $1.68 EPS, Q2 2020 earnings at $0.50 EPS, Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.54 EPS, FY2020 earnings at $2.04 EPS, FY2021 earnings at $2.35 EPS, FY2022 earnings at $2.64 EPS and FY2023 earnings at $3.01 EPS.

A number of other brokerages have also recently weighed in on CHCT. Evercore ISI restated a “hold” rating on shares of Community Healthcare Trust in a research report on Monday, November 11th. Zacks Investment Research downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Monday, October 28th. ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Sandler O’Neill raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Community Healthcare Trust has an average rating of “Hold” and a consensus target price of $44.51.

CHCT stock opened at $47.37 on Tuesday. The firm has a 50 day moving average of $46.47 and a 200-day moving average of $42.51. The company has a market cap of $960.46 million, a price-to-earnings ratio of 29.79 and a beta of 0.70. Community Healthcare Trust has a 12-month low of $27.54 and a 12-month high of $49.17.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The firm had revenue of $16.26 million during the quarter, compared to analyst estimates of $15.54 million. Community Healthcare Trust had a return on equity of 1.53% and a net margin of 7.61%. As a group, equities research analysts expect that Community Healthcare Trust will post 1.66 earnings per share for the current year.

In other news, COO W. Page Barnes sold 5,263 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.00, for a total transaction of $242,098.00. Following the completion of the transaction, the chief operating officer now owns 190,463 shares of the company’s stock, valued at $8,761,298. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.70% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of CHCT. Tower Research Capital LLC TRC acquired a new position in shares of Community Healthcare Trust in the 3rd quarter valued at $52,000. Coastal Investment Advisors Inc. acquired a new position in shares of Community Healthcare Trust in the 2nd quarter valued at approximately $59,000. Quantamental Technologies LLC increased its stake in Community Healthcare Trust by 49.8% during the 2nd quarter. Quantamental Technologies LLC now owns 1,505 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 500 shares in the last quarter. Price Capital Management Inc. acquired a new stake in Community Healthcare Trust during the 3rd quarter worth approximately $62,000. Finally, KBC Group NV bought a new position in Community Healthcare Trust in the second quarter valued at approximately $74,000. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

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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The Fly

Analyst Recommendations for Community Healthcare Trust (NYSE:CHCT)

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