Community Healthcare Trust (NYSE:CHCT) Now Covered by Analysts at Huntington

Research analysts at Huntington assumed coverage on shares of Community Healthcare Trust (NYSE:CHCT) in a research note issued on Friday. The firm set an “outperform” rating and a $20.00 price target on the real estate investment trust’s stock. Huntington’s price objective would indicate a potential upside of 7.46% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. 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 note on Thursday, June 11th. Finally, Wall Street Zen cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.75.

Community Healthcare Trust Price Performance

Community Healthcare Trust stock opened at $18.61 on Friday. The firm has a 50 day simple moving average of $17.67 and a 200-day simple moving average of $17.18. The stock has a market cap of $531.75 million, a price-to-earnings ratio of 169.21 and a beta of 0.71. Community Healthcare Trust has a 1-year low of $13.23 and a 1-year high of $18.69.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results 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 net margin of 4.94% and a return on equity of 1.41%. The firm had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $31.03 million. Equities analysts expect that Community Healthcare Trust will post 1.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CHCT. Ameriprise Financial Inc. grew its stake in shares of Community Healthcare Trust by 667.6% in the third quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock valued at $5,809,000 after buying an additional 330,203 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in Community Healthcare Trust by 66.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock worth $12,339,000 after acquiring an additional 320,546 shares in the last quarter. Invesco Ltd. lifted its stake in Community Healthcare Trust by 38.9% during the 3rd quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock worth $16,221,000 after acquiring an additional 297,179 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Community Healthcare Trust by 400.9% during the 2nd quarter. AQR Capital Management LLC now owns 218,822 shares of the real estate investment trust’s stock valued at $3,639,000 after acquiring an additional 175,133 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Community Healthcare Trust by 49.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 438,417 shares of the real estate investment trust’s stock valued at $6,708,000 after acquiring an additional 145,834 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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.