Community Healthcare Trust's (CHCT) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• The stock of Community Healthcare Trust (CHCT) has been reaffirmed with a "sell (D+)" rating by Weiss Ratings, indicating a negative outlook from analysts.
• CHCT's stock price has decreased by 1.3% to $13.94, with a market capitalization of approximately $395.48 million.
• Recent quarterly earnings showed a reported EPS of $0.50, which fell short of the consensus estimate of $0.54, contributing to concerns about the company's performance.

Community Healthcare Trust (NYSE:CHCT - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently commented on the stock. Zacks Research cut shares of Community Healthcare Trust from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 2nd. Truist Financial cut their price target on shares of Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Finally, Piper Sandler reissued an "overweight" rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, Community Healthcare Trust presently has an average rating of "Hold" and an average price target of $18.00.

Community Healthcare Trust Stock Down 1.3%

CHCT traded down $0.18 during trading on Wednesday, hitting $13.94. The company had a trading volume of 248,371 shares, compared to its average volume of 207,789. The company has a market capitalization of $395.48 million, a PE ratio of -35.74 and a beta of 0.71. Community Healthcare Trust has a one year low of $13.89 and a one year high of $20.87. The firm's 50-day moving average price is $15.11 and its 200 day moving average price is $16.11.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.04). Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%.The business had revenue of $30.13 million for the quarter, compared to the consensus estimate of $30.22 million. Sell-side analysts forecast that Community Healthcare Trust will post 1.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC acquired a new position in shares of Community Healthcare Trust during the 1st quarter worth approximately $38,000. Quantbot Technologies LP acquired a new position in shares of Community Healthcare Trust during the 2nd quarter worth approximately $114,000. GAMMA Investing LLC grew its position in shares of Community Healthcare Trust by 2,866.5% during the 1st quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock worth $119,000 after purchasing an additional 6,335 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Community Healthcare Trust by 50.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,002 shares of the real estate investment trust's stock worth $163,000 after purchasing an additional 3,009 shares in the last quarter. Finally, Arrow Investment Advisors LLC acquired a new position in shares of Community Healthcare Trust during the 2nd quarter worth approximately $168,000. Institutional investors and hedge funds 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.

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