Zacks Research Downgrades Community Healthcare Trust (NYSE:CHCT) to Strong Sell

Key Points

• Community Healthcare Trust (NYSE:CHCT) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, indicating a significant bearish outlook on the stock.
• Despite the downgrade, two analysts have rated CHCT with a "buy" rating while there are still two "sell" ratings, resulting in a consensus rating of "hold" and a target price of $18.00.
• In its most recent earnings report, Community Healthcare Trust posted an EPS of $0.50, missing the consensus estimate by $0.04, and reported a negative net margin of 6.25%.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Thursday,Zacks.com reports.

CHCT has been the subject of a number of other reports. Weiss Ratings reissued a "sell (d+)" rating on shares of Community Healthcare Trust in a research note on Saturday, September 27th. Piper Sandler reaffirmed an "overweight" rating on shares of Community Healthcare Trust in a report on Monday, August 4th. Finally, Truist Financial lowered their target price on Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Community Healthcare Trust presently has a consensus rating of "Hold" and a consensus target price of $18.00.

Community Healthcare Trust Stock Performance

Shares of NYSE CHCT opened at $15.04 on Thursday. The company has a market cap of $426.68 million, a P/E ratio of -38.56 and a beta of 0.71. The firm's fifty day moving average is $15.23 and its two-hundred day moving average is $16.19. Community Healthcare Trust has a 52-week low of $14.20 and a 52-week high of $20.87.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $30.13 million for the quarter, compared to the consensus estimate 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, analysts forecast that Community Healthcare Trust will post 1.85 EPS for the current fiscal year.

Institutional Trading of Community Healthcare Trust

A number of institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Community Healthcare Trust by 8.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,643 shares of the real estate investment trust's stock valued at $934,000 after acquiring an additional 3,978 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 6,335 shares during the last quarter. Albert D Mason Inc. boosted its stake in shares of Community Healthcare Trust by 3.8% during the 1st quarter. Albert D Mason Inc. now owns 25,363 shares of the real estate investment trust's stock worth $461,000 after purchasing an additional 923 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Community Healthcare Trust during the 1st quarter valued at about $241,000. Finally, Janney Montgomery Scott LLC raised its position in Community Healthcare Trust by 15.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,400 shares of the real estate investment trust's stock worth $933,000 after purchasing an additional 6,975 shares during the period. 87.84% of the stock is currently owned by institutional investors.

About Community Healthcare Trust

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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