Community Healthcare Trust (NYSE:CHCT) Price Target Lowered to $17.00 at Piper Sandler

Key Points

• Piper Sandler has lowered its price target for Community Healthcare Trust (NYSE:CHCT) from $18.00 to $17.00, maintaining a "neutral" rating on the stock.
• The stock traded up 0.8% to $15.46 during midday trading, with a market cap of $438.66 million and a 52-week high of $20.87.
• Community Healthcare Trust reported $0.50 earnings per share (EPS) for the last quarter, missing expectations by $0.04, and had a negative net margin of 6.25%.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) had its price target lowered by equities researchers at Piper Sandler from $18.00 to $17.00 in a report released on Monday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Piper Sandler's price target suggests a potential upside of 9.95% from the stock's previous close.

Community Healthcare Trust Trading Up 0.8%

CHCT stock traded up $0.12 during midday trading on Monday, reaching $15.46. 76,505 shares of the company's stock traded hands, compared to its average volume of 236,571. Community Healthcare Trust has a 52-week low of $14.76 and a 52-week high of $20.87. The stock has a market cap of $438.66 million, a P/E ratio of -39.70 and a beta of 0.69. The stock's 50-day moving average is $16.60 and its 200 day moving average is $17.44.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). The business had revenue of $30.13 million for the quarter, compared to analysts' expectations of $30.22 million. Community Healthcare Trust had a negative net margin of 6.25% and a negative return on equity of 1.59%. As a group, research analysts expect that Community Healthcare Trust will post 1.85 EPS for the current fiscal year.

Insider Activity at Community Healthcare Trust

In other Community Healthcare Trust news, Director Horn R. Lawrence Van purchased 11,815 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was purchased at an average price of $16.37 per share, with a total value of $193,411.55. Following the acquisition, the director owned 88,502 shares in the company, valued at approximately $1,448,777.74. The trade was a 15.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.10% of the company's stock.

Institutional Investors Weigh In On Community Healthcare Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHCT. Anchor Investment Management LLC purchased a new position in Community Healthcare Trust during the 1st quarter valued at about $38,000. Quarry LP purchased a new position in Community Healthcare Trust during the 4th quarter valued at about $88,000. KLP Kapitalforvaltning AS purchased a new position in shares of Community Healthcare Trust in the 4th quarter worth approximately $108,000. GAMMA Investing LLC grew its position in shares of Community Healthcare Trust by 2,866.5% in the 1st quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock worth $119,000 after buying an additional 6,335 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Community Healthcare Trust in the 4th quarter worth approximately $163,000. Institutional investors own 87.84% of the company's stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company'', we'', our'') was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.