Community Healthcare Trust (NYSE:CHCT) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Community Healthcare Trust (NYSE:CHCT – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the stock. Janney Montgomery Scott raised shares of Community Healthcare Trust from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Friday, January 13th. Piper Sandler raised their target price on shares of Community Healthcare Trust from $41.00 to $45.00 in a research note on Tuesday, January 17th. TheStreet raised shares of Community Healthcare Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 13th. Truist Financial raised their target price on shares of Community Healthcare Trust from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 17th. Finally, Robert W. Baird raised their target price on shares of Community Healthcare Trust from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.43.

Community Healthcare Trust Stock Up 0.8 %

NYSE:CHCT opened at $36.41 on Thursday. The company has a market cap of $947.39 million, a P/E ratio of 44.40, a P/E/G ratio of 1.51 and a beta of 0.73. Community Healthcare Trust has a fifty-two week low of $30.38 and a fifty-two week high of $43.88. The firm’s 50 day moving average is $40.02 and its two-hundred day moving average is $36.35.

Insider Buying and Selling

In other news, Director Claire M. Gulmi purchased 2,042 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were purchased at an average price of $36.77 per share, with a total value of $75,084.34. Following the purchase, the director now directly owns 26,140 shares of the company’s stock, valued at approximately $961,167.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Community Healthcare Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new stake in shares of Community Healthcare Trust in the 2nd quarter worth about $27,000. Lazard Asset Management LLC grew its position in shares of Community Healthcare Trust by 144.7% during the 2nd quarter. Lazard Asset Management LLC now owns 1,654 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 978 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Community Healthcare Trust during the 2nd quarter valued at about $78,000. Van ECK Associates Corp grew its position in shares of Community Healthcare Trust by 79.9% during the 4th quarter. Van ECK Associates Corp now owns 2,459 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 1,092 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in shares of Community Healthcare Trust by 17.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 3,958 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 574 shares during the last quarter. Institutional investors own 87.68% of the company’s stock.

About Community Healthcare Trust

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Community Healthcare Trust, Inc engages in the acquisition of real estate properties that are leased to hospitals, doctors, healthcare systems, and other healthcare services providers. It invests in healthcare properties including outpatient treatment and diagnostic facilities, urgent care centers, acute care hospitals, ambulatory surgery centers, assisted living and long-term care facilities, medical office buildings, clinics, specialty hospitals and treatment centers.