Community Healthcare Trust (NYSE:CHCT) Given New $16.00 Price Target at Piper Sandler

Key Points

• Piper Sandler raised its price target on Community Healthcare Trust from $14 to $16 while maintaining a neutral rating, implying about 10.2% upside from the then-current share price of $14.52.
• Analyst sentiment is mixed: the consensus rating is Hold, with a $17.50 average price target. Ratings include two Buys, two Holds, and one Sell.
• The REIT met quarterly EPS expectations at $0.09 and reported revenue of $32.44 million, above the $31.26 million consensus. Its CEO and a director also made stock purchases, according to the article.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) had its target price lifted by investment analysts at Piper Sandler from $14.00 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Piper Sandler's target price points to a potential upside of 10.16% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. Huntington began coverage on Community Healthcare Trust in a report on Friday, July 17th. They set an "outperform" rating and a $20.00 price target for the company. Truist Financial reduced their price objective on Community Healthcare Trust from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Friday, October 9th. Finally, Weiss Ratings downgraded Community Healthcare Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.50.

Community Healthcare Trust Stock Up 0.1%

Shares of CHCT traded up $0.01 during trading hours on Thursday, hitting $14.52. The company had a trading volume of 230,591 shares, compared to its average volume of 275,715. The business has a fifty day moving average of $13.94 and a 200-day moving average of $16.33. Community Healthcare Trust has a 12 month low of $12.58 and a 12 month high of $19.17. The firm has a market cap of $416.11 million, a price-to-earnings ratio of 19.83 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. Community Healthcare Trust had a return on equity of 5.31% and a net margin of 17.76%. The company had revenue of $32.44 million during the quarter, compared to the consensus estimate of $31.26 million. On average, equities analysts expect that Community Healthcare Trust will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert Z. Hensley acquired 8,000 shares of Community Healthcare Trust stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $15.21 per share, with a total value of $121,680.00. Following the completion of the purchase, the director owned 103,702 shares of the company's stock, valued at approximately $1,577,307.42. The trade was a 8.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David H. Dupuy bought 10,000 shares of the stock in a transaction dated Friday, August 14th. The shares were purchased at an average cost of $15.13 per share, for a total transaction of $151,300.00. Following the completion of the transaction, the chief executive officer directly owned 557,262 shares of the company's stock, valued at $8,431,374.06. This trade represents a 1.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 5.30% of the company's stock.

Hedge Funds Weigh In On Community Healthcare Trust

Several institutional investors have recently modified their holdings of CHCT. Arrow Investment Advisors LLC grew its position in Community Healthcare Trust by 8.1% during the third quarter. Arrow Investment Advisors LLC now owns 14,024 shares of the real estate investment trust's stock valued at $199,000 after buying an additional 1,046 shares during the period. Intrua Financial LLC grew its stake in Community Healthcare Trust by 10.3% during the third quarter. Intrua Financial LLC now owns 12,822 shares of the real estate investment trust's stock valued at $182,000 after acquiring an additional 1,202 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Community Healthcare Trust during the second quarter valued at $27,000. Signaturefd LLC grew its holdings in shares of Community Healthcare Trust by 201.1% during the third quarter. Signaturefd LLC now owns 2,713 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 1,812 shares in the last quarter. Finally, Fortitude Family Office LLC raised its stake in Community Healthcare Trust by 1,787.7% in the third quarter. Fortitude Family Office LLC now owns 2,303 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 2,181 shares in 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 owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.

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