Piper Sandler Forecasts Strong Price Appreciation for Community Healthcare Trust (NYSE:CHCT) Stock

by · The Markets Daily

Community Healthcare Trust (NYSE:CHCT – Get Free Report) had its target price hoisted by investment analysts at Piper Sandler from $18.00 to $19.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price points to a potential upside of 0.96% from the company’s previous close.

Other analysts have also issued research reports about the company. Robert W. Baird dropped their price objective on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. StockNews.com downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and cut their price objective for the company from $21.00 to $18.00 in a report on Monday, September 16th. Finally, Truist Financial lowered their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One research 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

View Our Latest Research Report on Community Healthcare Trust

Community Healthcare Trust Trading Down 0.6 %

Shares of CHCT stock traded down $0.12 on Thursday, hitting $18.82. 235,046 shares of the stock were exchanged, compared to its average volume of 278,663. The firm has a market capitalization of $521.33 million, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 1.13 and a beta of 0.69. The business has a 50-day moving average of $17.43 and a 200 day moving average of $21.32. Community Healthcare Trust has a fifty-two week low of $15.06 and a fifty-two week high of $29.16.

Insider Transactions at Community Healthcare Trust

In other Community Healthcare Trust news, CEO David H. Dupuy purchased 10,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the transaction, the chief executive officer now directly owns 363,565 shares in the company, valued at approximately $7,082,246.20. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO David H. Dupuy acquired 10,000 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $19.48 per share, with a total value of $194,800.00. Following the completion of the purchase, the chief executive officer now owns 363,565 shares in the company, valued at approximately $7,082,246.20. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Z. Hensley acquired 6,500 shares of the stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $19.50 per share, with a total value of $126,750.00. Following the completion of the purchase, the director now owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Community Healthcare Trust

A number of institutional investors have recently bought and sold shares of CHCT. Janus Henderson Group PLC raised its stake in Community Healthcare Trust by 5,664.3% in the first quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock worth $15,676,000 after buying an additional 580,199 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new position in Community Healthcare Trust in the first quarter worth about $7,835,000. Graham Capital Wealth Management LLC bought a new position in shares of Community Healthcare Trust during the third quarter valued at approximately $2,650,000. Russell Investments Group Ltd. increased its stake in shares of Community Healthcare Trust by 27.8% during the first quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock valued at $9,687,000 after purchasing an additional 79,421 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Community Healthcare Trust by 18.1% during the second quarter. Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust’s stock valued at $10,028,000 after purchasing an additional 65,642 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Company Profile

(Get Free Report)

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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