Community Healthcare Trust’s (CHCT) Hold Rating Reiterated at Evercore ISI

Community Healthcare Trust (NYSE:CHCT)‘s stock had its “hold” rating restated by equities research analysts at Evercore ISI in a report issued on Monday, AnalystRatings.com reports.

Other equities analysts have also issued research reports about the company. ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. B. Riley lifted their price objective on Community Healthcare Trust from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Zacks Investment Research lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $41.61.

Shares of NYSE CHCT traded down $0.89 during trading on Monday, reaching $45.10. 127,560 shares of the company traded hands, compared to its average volume of 119,170. The firm’s fifty day simple moving average is $45.64 and its 200 day simple moving average is $41.57. The stock has a market cap of $928.17 million, a P/E ratio of 28.36 and a beta of 0.72. Community Healthcare Trust has a 12-month low of $27.54 and a 12-month high of $49.17.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.32). The company had revenue of $16.26 million for the quarter, compared to analysts’ expectations of $15.54 million. Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.53%. As a group, equities analysts expect that Community Healthcare Trust will post 1.66 earnings per share for the current fiscal year.

In other Community Healthcare Trust news, COO W. Page Barnes sold 5,263 shares of Community Healthcare Trust stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $46.00, for a total transaction of $242,098.00. Following the completion of the transaction, the chief operating officer now owns 190,463 shares in the company, valued at approximately $8,761,298. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Coastal Investment Advisors Inc. purchased a new position in shares of Community Healthcare Trust in the 2nd quarter valued at about $59,000. Bank of Montreal Can increased its stake in shares of Community Healthcare Trust by 318.9% in the 2nd quarter. Bank of Montreal Can now owns 2,191 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 1,668 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Community Healthcare Trust by 5.3% in the 3rd quarter. Rhumbline Advisers now owns 57,559 shares of the real estate investment trust’s stock valued at $2,564,000 after purchasing an additional 2,896 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Community Healthcare Trust by 116.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,209,056 shares of the real estate investment trust’s stock valued at $87,059,000 after purchasing an additional 1,190,028 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in shares of Community Healthcare Trust by 12.7% in the 2nd quarter. BB&T Securities LLC now owns 8,900 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

About Community Healthcare Trust

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 non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.

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Analyst Recommendations for Community Healthcare Trust (NYSE:CHCT)

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