Robert W. Baird Cuts Community Healthcare Trust (NYSE:CHCT) Price Target to $25.00

Community Healthcare Trust (NYSE:CHCT) had its price target dropped by Robert W. Baird from $29.00 to $25.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price target would indicate a potential downside of 9.16% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Piper Sandler reissued a “neutral” rating and issued a $26.00 price objective (down previously from $36.00) on shares of Community Healthcare Trust in a report on Wednesday, May 1st. Evercore ISI reduced their price target on shares of Community Healthcare Trust from $29.00 to $27.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 16th. Finally, Truist Financial lowered their price objective on Community Healthcare Trust from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, June 17th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.00.

Community Healthcare Trust Stock Performance

Shares of CHCT stock opened at $27.52 on Wednesday. Community Healthcare Trust has a fifty-two week low of $22.03 and a fifty-two week high of $36.71. The firm has a market capitalization of $762.30 million, a P/E ratio of 43.00, a PEG ratio of 1.63 and a beta of 0.68. The stock’s fifty day moving average is $24.02 and its two-hundred day moving average is $25.25.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.92). Community Healthcare Trust had a net margin of 15.91% and a return on equity of 3.57%. During the same period in the previous year, the business earned $0.63 earnings per share. On average, equities analysts forecast that Community Healthcare Trust will post 2.06 earnings per share for the current year.

Hedge Funds Weigh In On Community Healthcare Trust

Several institutional investors have recently modified their holdings of CHCT. Vanguard Group Inc. boosted its stake in Community Healthcare Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock worth $78,373,000 after purchasing an additional 53,282 shares during the period. Janus Henderson Group PLC grew its stake in shares of Community Healthcare Trust by 5,664.3% in the 1st quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock valued at $15,676,000 after purchasing an additional 580,199 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Community Healthcare Trust by 27.8% during the first quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock worth $9,687,000 after purchasing an additional 79,421 shares during the last quarter. Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Community Healthcare Trust during the first quarter worth approximately $7,835,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Community Healthcare Trust by 8.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 248,354 shares of the real estate investment trust’s stock worth $6,616,000 after purchasing an additional 19,711 shares during the period. Institutional investors and hedge funds own 87.84% 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 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).