Several other research analysts have also recently weighed in on the company. Truist Financial raised their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Piper Sandler lifted their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $21.25.
Get Our Latest Stock Report on CHCT
NYSE CHCT opened at $19.99 on Friday. Community Healthcare Trust has a 12 month low of $15.06 and a 12 month high of $28.10. The firm has a market capitalization of $564.52 million, a PE ratio of -222.11, a P/E/G ratio of 1.34 and a beta of 0.69. The company's 50 day simple moving average is $19.09 and its 200 day simple moving average is $18.78.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaQuest LLC raised its stake in Community Healthcare Trust by 86.7% during the 4th quarter. AlphaQuest LLC now owns 35,407 shares of the real estate investment trust's stock valued at $680,000 after purchasing an additional 16,446 shares during the period. PNC Financial Services Group Inc. raised its position in Community Healthcare Trust by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust's stock valued at $210,000 after buying an additional 1,828 shares during the period. Proficio Capital Partners LLC purchased a new stake in Community Healthcare Trust in the 4th quarter worth about $229,000. Charles Schwab Investment Management Inc. grew its stake in Community Healthcare Trust by 58.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 360,532 shares of the real estate investment trust's stock valued at $6,926,000 after acquiring an additional 133,482 shares in the last quarter. Finally, Anchor Capital Advisors LLC grew its stake in Community Healthcare Trust by 3.6% during the 4th quarter. Anchor Capital Advisors LLC now owns 80,457 shares of the real estate investment trust's stock valued at $1,546,000 after acquiring an additional 2,762 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.
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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