Community Healthcare Trust Incorporated (CHCT) Stock Rating Upgraded by Zacks Investment Research

Community Healthcare Trust Incorporated (NYSE:CHCT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Several other research analysts also recently weighed in on the company. Evercore ISI lifted their target price on Community Healthcare Trust from $25.50 to $26.50 and gave the company an “outperform” rating in a research note on Tuesday, July 4th. BidaskClub downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, ValuEngine downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $26.50.

Shares of Community Healthcare Trust (CHCT) opened at 27.36 on Wednesday. The firm has a 50-day moving average price of $27.04 and a 200 day moving average price of $27.04. Community Healthcare Trust has a 52-week low of $19.61 and a 52-week high of $27.95. The stock has a market cap of $347.09 million, a price-to-earnings ratio of 99.85 and a beta of 1.02.

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Several hedge funds have recently made changes to their positions in the business. Prudential Financial Inc. grew its stake in shares of Community Healthcare Trust by 2.1% in the 2nd quarter. Prudential Financial Inc. now owns 1,184,866 shares of the real estate investment trust’s stock valued at $30,320,000 after purchasing an additional 24,768 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Community Healthcare Trust by 2.9% in the 2nd quarter. Royal Bank of Canada now owns 647,412 shares of the real estate investment trust’s stock valued at $16,567,000 after purchasing an additional 18,152 shares during the last quarter. FMR LLC grew its stake in shares of Community Healthcare Trust by 2.8% in the 2nd quarter. FMR LLC now owns 632,864 shares of the real estate investment trust’s stock valued at $16,195,000 after purchasing an additional 17,028 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Community Healthcare Trust by 11.6% in the second quarter. Vanguard Group Inc. now owns 622,120 shares of the real estate investment trust’s stock valued at $15,920,000 after buying an additional 64,533 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Community Healthcare Trust by 9.2% in the first quarter. Nuveen Asset Management LLC now owns 476,040 shares of the real estate investment trust’s stock valued at $11,377,000 after buying an additional 39,959 shares in the last quarter. Institutional investors own 60.22% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.

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