Community Healthcare Trust (NYSE:CHCT) Sets New 12-Month High – What’s Next?

Community Healthcare Trust Incorporated (NYSE:CHCT) shares reached a new 52-week high on Tuesday . The company traded as high as $19.14 and last traded at $19.1650, with a volume of 102803 shares trading hands. The stock had previously closed at $18.82.

Analyst Upgrades and Downgrades

CHCT has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Piper Sandler increased their price objective on Community Healthcare Trust from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Huntington began coverage on Community Healthcare Trust in a research report on Friday, July 17th. They issued an “outperform” rating and a $20.00 target price for the company. Wall Street Zen lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Truist Financial upped their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Community Healthcare Trust has an average rating of “Hold” and a consensus price target of $19.25.

Community Healthcare Trust Stock Down 1.4%

The firm’s 50-day moving average price is $17.95 and its 200-day moving average price is $17.32. The company has a market cap of $528.26 million, a P/E ratio of 168.11 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%.The business had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.03 million. As a group, analysts forecast that Community Healthcare Trust Incorporated will post 1.9 earnings per share for the current year.

Hedge Funds Weigh In On Community Healthcare Trust

Several hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in shares of Community Healthcare Trust during the 4th quarter valued at $49,000. Creative Financial Designs Inc. ADV grew its holdings in Community Healthcare Trust by 104.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,817 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Community Healthcare Trust by 992.0% during the 4th quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 4,107 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Community Healthcare Trust by 143.6% during the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 3,470 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Community Healthcare Trust during the second quarter valued at about $114,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.