Community Healthcare Trust Incorporated (CHCT) Rating Lowered to Hold at ValuEngine

Community Healthcare Trust Incorporated (NYSE:CHCT) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, July 25th.

A number of other equities analysts have also recently issued reports on CHCT. TheStreet upgraded Community Healthcare Trust from a “d+” rating to a “c+” rating in a report on Monday, March 27th. Evercore ISI upped their price objective on Community Healthcare Trust from $25.50 to $26.50 and gave the stock an “outperform” rating in a report on Thursday, April 6th. Finally, Zacks Investment Research cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th.

Shares of Community Healthcare Trust (NYSE:CHCT) traded up 0.80% during trading on Tuesday, hitting $25.08. The stock had a trading volume of 96,852 shares. The company has a market capitalization of $318.16 million, a PE ratio of 91.53 and a beta of 1.04. Community Healthcare Trust has a 52 week low of $19.61 and a 52 week high of $26.50. The firm has a 50-day moving average price of $25.34 and a 200 day moving average price of $24.36.

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A number of large investors have recently modified their holdings of CHCT. FMR LLC boosted its stake in shares of Community Healthcare Trust by 6.6% in the fourth quarter. FMR LLC now owns 612,836 shares of the real estate investment trust’s stock valued at $14,113,000 after buying an additional 37,762 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Community Healthcare Trust by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,678 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 32 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Community Healthcare Trust by 37.9% in the fourth quarter. Teachers Advisors LLC now owns 27,600 shares of the real estate investment trust’s stock valued at $636,000 after buying an additional 7,582 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Community Healthcare Trust during the first quarter valued at $172,000. Finally, Thomson Horstmann & Bryant Inc. boosted its stake in shares of Community Healthcare Trust by 21.5% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 304,950 shares of the real estate investment trust’s stock valued at $7,288,000 after buying an additional 54,050 shares in the last quarter. Institutional investors own 59.34% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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