Zacks Research Upgrades Community Healthcare Trust (NYSE:CHCT) to Strong-Buy

Community Healthcare Trust (NYSE:CHCT) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. Piper Sandler restated a “neutral” rating on shares of Community Healthcare Trust in a report on Thursday. Truist Financial raised their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Community Healthcare Trust in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Community Healthcare Trust Stock Up 0.6%

Shares of NYSE:CHCT opened at $17.35 on Tuesday. The company has a market cap of $493.98 million, a P/E ratio of 248.98 and a beta of 0.75. The business has a fifty day simple moving average of $16.80 and a 200-day simple moving average of $15.58. Community Healthcare Trust has a 52 week low of $13.23 and a 52 week high of $19.38.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, February 17th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). Community Healthcare Trust had a net margin of 4.21% and a return on equity of 1.15%. The business had revenue of $30.95 million during the quarter, compared to analysts’ expectations of $31.33 million. Sell-side analysts expect that Community Healthcare Trust will post 1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Community Healthcare Trust

Institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC acquired a new position in Community Healthcare Trust during the 2nd quarter valued at approximately $6,094,000. Ameriprise Financial Inc. lifted its position in Community Healthcare Trust by 667.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock valued at $5,809,000 after purchasing an additional 330,203 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in Community Healthcare Trust by 66.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock valued at $12,339,000 after purchasing an additional 320,546 shares during the period. Invesco Ltd. grew its position in Community Healthcare Trust by 38.9% in the 3rd quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock worth $16,221,000 after purchasing an additional 297,179 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Community Healthcare Trust by 400.9% during the second quarter. AQR Capital Management LLC now owns 218,822 shares of the real estate investment trust’s stock valued at $3,639,000 after buying an additional 175,133 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.