StockNews.com upgraded shares of Community Healthcare Trust (NYSE:CHCT - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.
A number of other equities analysts have also recently commented on CHCT. Piper Sandler lifted their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Truist Financial boosted their price objective on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $21.25.
View Our Latest Stock Report on Community Healthcare Trust
Community Healthcare Trust Trading Up 0.8 %
Shares of NYSE:CHCT traded up $0.15 during midday trading on Friday, hitting $20.14. The company had a trading volume of 118,642 shares, compared to its average volume of 175,109. Community Healthcare Trust has a 12 month low of $15.06 and a 12 month high of $28.10. The stock has a market cap of $568.75 million, a price-to-earnings ratio of -223.78, a PEG ratio of 1.35 and a beta of 0.69. The firm has a fifty day simple moving average of $19.14 and a 200 day simple moving average of $18.58.
Institutional Trading of Community Healthcare Trust
A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC increased its holdings in Community Healthcare Trust by 136.1% during the 4th quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 905 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Community Healthcare Trust during the 4th quarter valued at $108,000. Daiwa Securities Group Inc. boosted its position in Community Healthcare Trust by 11.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust's stock valued at $151,000 after buying an additional 840 shares during the period. SG Americas Securities LLC boosted its position in Community Healthcare Trust by 6.8% during the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust's stock valued at $177,000 after buying an additional 618 shares during the period. Finally, Woodmont Investment Counsel LLC purchased a new stake in shares of Community Healthcare Trust in the 3rd quarter worth about $182,000. 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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