Community Healthcare Trust (CHCT) Lowered to Hold at ValuEngine

Community Healthcare Trust (NYSE:CHCT) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other equities research analysts have also issued research reports about the company. BidaskClub raised Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Zacks Investment Research downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Community Healthcare Trust presently has a consensus rating of “Hold” and an average price target of $26.50.

Community Healthcare Trust (NYSE CHCT) traded down $0.05 during midday trading on Friday, hitting $27.21. The stock had a trading volume of 208,539 shares, compared to its average volume of 96,326. Community Healthcare Trust has a 12 month low of $21.14 and a 12 month high of $29.16. The company has a market cap of $490.02 and a price-to-earnings ratio of 19.67.

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in Community Healthcare Trust by 2.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 134,789 shares of the real estate investment trust’s stock valued at $3,450,000 after purchasing an additional 3,563 shares during the period. Prudential Financial Inc. increased its holdings in Community Healthcare Trust by 2.1% during 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 period. Vanguard Group Inc. increased its holdings in Community Healthcare Trust by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 557,587 shares of the real estate investment trust’s stock valued at $13,327,000 after purchasing an additional 4,406 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in Community Healthcare Trust during the 3rd quarter valued at about $4,089,000. Finally, Systematic Financial Management LP increased its holdings in Community Healthcare Trust by 20.3% during the 3rd quarter. Systematic Financial Management LP now owns 748,026 shares of the real estate investment trust’s stock valued at $20,167,000 after purchasing an additional 126,413 shares during the period. Institutional investors own 85.54% of the company’s stock.

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Community Healthcare Trust Company Profile

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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