Community Healthcare Trust (NYSE:CHCT) Given "Neutral" Rating at Piper Sandler

Community Healthcare Trust (NYSE:CHCT - Get Free Report)'s stock had its "neutral" rating reaffirmed by research analysts at Piper Sandler in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $26.00 target price on the real estate investment trust's stock, down from their previous target price of $36.00. Piper Sandler's price target suggests a potential upside of 3.79% from the stock's previous close.

CHCT has been the subject of several other research reports. Truist Financial dropped their price objective on Community Healthcare Trust from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 16th. Evercore ISI decreased their target price on Community Healthcare Trust from $32.00 to $30.00 and set an "in-line" rating for the company in a research report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $30.33.

Community Healthcare Trust Trading Down 5.6 %

NYSE CHCT traded down $1.48 on Wednesday, hitting $25.05. The company's stock had a trading volume of 515,100 shares, compared to its average volume of 178,692. Community Healthcare Trust has a 52-week low of $24.50 and a 52-week high of $37.15. The company's 50-day simple moving average is $26.24 and its 200 day simple moving average is $26.64. The firm has a market cap of $693.63 million, a P/E ratio of 119.43, a PEG ratio of 1.53 and a beta of 0.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio increased its position in Community Healthcare Trust by 28.3% during the 4th quarter. Strs Ohio now owns 169,196 shares of the real estate investment trust's stock valued at $4,507,000 after buying an additional 37,300 shares in the last quarter. Advisor Partners II LLC bought a new position in Community Healthcare Trust during the 3rd quarter valued at approximately $208,000. Citigroup Inc. boosted its stake in Community Healthcare Trust by 32.9% during the 3rd quarter. Citigroup Inc. now owns 38,144 shares of the real estate investment trust's stock valued at $1,133,000 after purchasing an additional 9,442 shares during the last quarter. Davis Selected Advisers boosted its stake in Community Healthcare Trust by 55.9% during the 3rd quarter. Davis Selected Advisers now owns 163,400 shares of the real estate investment trust's stock valued at $4,853,000 after purchasing an additional 58,570 shares during the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in Community Healthcare Trust during the 3rd quarter valued at $430,000. Institutional investors own 87.84% of the company's stock.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).