Zacks Investment Research Downgrades Community Healthcare Trust (CHCT) to Hold

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Community Healthcare Trust (NYSE:CHCT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

A number of other equities research analysts have also weighed in on CHCT. B. Riley lifted their target price on shares of Community Healthcare Trust from $28.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, August 13th. SunTrust Banks reaffirmed a “buy” rating and set a $36.00 target price on shares of Community Healthcare Trust in a research note on Thursday, August 9th. Finally, ValuEngine raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.50.

Shares of Community Healthcare Trust stock opened at $29.93 on Tuesday. The firm has a market capitalization of $563.84 million, a price-to-earnings ratio of 21.23 and a beta of 0.80. Community Healthcare Trust has a 12-month low of $22.41 and a 12-month high of $32.81.

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of Community Healthcare Trust by 102.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,332 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 5,722 shares in the last quarter. National Investment Services Inc. WI bought a new stake in shares of Community Healthcare Trust during the 3rd quarter valued at about $220,000. United Services Automobile Association bought a new stake in shares of Community Healthcare Trust during the 2nd quarter valued at about $219,000. Northern Trust Corp boosted its stake in shares of Community Healthcare Trust by 1.0% during the 2nd quarter. Northern Trust Corp now owns 221,579 shares of the real estate investment trust’s stock valued at $6,619,000 after purchasing an additional 2,281 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Community Healthcare Trust by 58.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 76,139 shares of the real estate investment trust’s stock valued at $2,274,000 after purchasing an additional 28,086 shares in the last quarter. 90.90% of the stock is currently owned by hedge funds and other institutional investors.

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 non-urban markets throughout the United States. The Company had investments of approximately $413.3 million in 89 real estate properties, including one mortgage note, as of March 31, 2018, located in 27 states, totaling approximately 2.0 million square feet.

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