Community Healthcare Trust (NYSE:CHCT - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Friday.
Several other analysts have also recently issued reports on CHCT. Piper Sandler upped their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Truist Financial upped their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Community Healthcare Trust currently has a consensus rating of "Hold" and an average target price of $21.25.
Get Our Latest Stock Analysis on Community Healthcare Trust
Community Healthcare Trust Stock Performance
Shares of CHCT stock traded down $0.06 during trading hours on Friday, reaching $19.77. The company had a trading volume of 119,086 shares, compared to its average volume of 184,853. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $28.10. The company has a market capitalization of $558.22 million, a price-to-earnings ratio of -219.63, a PEG ratio of 1.34 and a beta of 0.69. The stock has a fifty day moving average of $18.97 and a 200-day moving average of $18.89.
Institutional Trading of Community Healthcare Trust
Institutional investors and hedge funds have recently bought and sold shares of the stock. Algert Global LLC boosted its position in shares of Community Healthcare Trust by 534.3% during the third quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust's stock worth $2,059,000 after buying an additional 95,557 shares during the period. LDR Capital Management LLC purchased a new stake in Community Healthcare Trust during the third quarter worth about $630,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Community Healthcare Trust during the third quarter worth about $2,650,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Community Healthcare Trust during the third quarter worth about $212,000. Finally, Verition Fund Management LLC acquired a new position in shares of Community Healthcare Trust in the third quarter valued at approximately $851,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.
About Community Healthcare Trust
(
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Community Healthcare Trust Incorporated (the Company'', we'', our'') was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.
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