Community Healthcare Trust (NYSE:CHCT) Stock Rating Lowered by Wall Street Zen

Key Points

• Community Healthcare Trust was downgraded by Wall Street Zen from a buy to a hold, adding to a mixed analyst picture. The stock now carries an average Hold rating and a consensus price target of $18.00.
• The REIT reported Q1 earnings of $0.07 per share, missing analyst expectations of $0.10, though revenue came in slightly above estimates at $31.52 million. Analysts still expect the company to earn $1.86 per share for the full year.
• CHCT shares were down 0.5% in the latest session, opening at $17.60. The stock is trading near the upper end of its 52-week range of $13.23 to $18.22.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of Community Healthcare Trust from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, February 18th. Piper Sandler raised their price objective on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, February 19th. Evercore set a $17.00 price objective on shares of Community Healthcare Trust in a research report on Thursday, February 19th. Truist Financial reduced their price objective on shares of Community Healthcare Trust from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Tuesday, March 10th. Finally, Zacks Research downgraded shares of Community Healthcare Trust from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Community Healthcare Trust presently has an average rating of "Hold" and a consensus price target of $18.00.

Community Healthcare Trust Stock Down 0.5%

NYSE CHCT opened at $17.60 on Friday. Community Healthcare Trust has a 52-week low of $13.23 and a 52-week high of $18.22. The business's 50-day moving average price is $16.73 and its 200 day moving average price is $16.26. The firm has a market cap of $502.83 million, a P/E ratio of 160.01 and a beta of 0.73.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.03). Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%.The company had revenue of $31.52 million for the quarter, compared to analysts' expectations of $31.03 million. As a group, analysts anticipate that Community Healthcare Trust will post 1.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CHCT. Versant Capital Management Inc increased its holdings in Community Healthcare Trust by 111.9% in the third quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,129 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Community Healthcare Trust in the fourth quarter valued at about $49,000. Creative Financial Designs Inc. ADV increased its holdings in Community Healthcare Trust by 104.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 1,817 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Community Healthcare Trust by 992.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust's stock valued at $74,000 after buying an additional 4,107 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Community Healthcare Trust by 143.6% in the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust's stock valued at $90,000 after buying an additional 3,470 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

About Community Healthcare Trust

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.

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