Community Healthcare Trust (NYSE:CHCT – Get an Assessment) was raised by TheStreet equity researchers from a “c+” to a “b-” rating in a research report released on Monday, reports TheStreetRatingsTable.
Other analysts have also recently released reports on the company. Truist Financial reduced its price target on Community Healthcare Trust from $49.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, July 11. Evercore ISI raised its target price on Community Healthcare Trust to $45.00 in a Tuesday, August 9 research note. Finally, B. Riley lowered his price target on Community Healthcare Trust from $50.00 to $43.00 and set a “neutral” rating for the company in a Tuesday, May 10 report.
Community Healthcare Trust Share Performance
Shares of CHCT opened at $38.59 on Monday. The company has a market capitalization of $968.61 million, a P/E ratio of 45.40, a PEG ratio of 1.61 and a beta of 0.64. Community Healthcare Trust has a 12-month minimum of $32.57 and a 12-month maximum of $49.96. The company’s 50-day moving average price is $37.30 and its two-hundred-day moving average price is $38.90.
Institutional entries and exits
Several hedge funds and other institutional investors have recently increased or reduced their stake in CHCT. Allspring Global Investments Holdings LLC acquired a new stake in Community Healthcare Trust in the fourth quarter valued at $174,000. Commonwealth Equity Services LLC increased its stake in Community Healthcare Trust by 29.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,672 shares of the real estate investment trust valued at $362,000 after acquiring an additional 1,743 shares during the period. The New York State Common Retirement Fund increased its holdings of Community Healthcare Trust shares by 232.2% during the 4th quarter. The New York State Common Retirement Fund now owns 56,100 shares of the real estate investment trust worth $2,652,000 after buying 39,212 additional shares in the last quarter. Envestnet Asset Management Inc. increased its holdings of Community Healthcare Trust shares by 56.7% in Q4. Envestnet Asset Management Inc. now owns 11,491 shares of the real estate investment trust worth $543,000 after buying an additional 4,158 shares in the last quarter. Finally, abrdn plc increased its position in Community Healthcare Trust by 6.0% during the fourth quarter. abrdn plc now owns 5,075 shares of the real estate investment trust valued at $240,000 after acquiring an additional 286 shares in the last quarter. 87.26% of the shares are currently held by hedge funds and other institutional investors.
Company Profile Community Healthcare Trust
(Get an assessment)
Community Healthcare Trust Incorporated is a real estate investment trust focused on owning income-generating real estate properties associated primarily with the provision of ambulatory healthcare services in our target submarkets throughout the United States. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.
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