Community Healthcare Trust (CHCT) Lowered to Hold at Zacks Investment Research

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Zacks Investment Research lowered shares of Community Healthcare Trust (NYSE:CHCT) from a buy rating to a hold rating in a report published on Tuesday morning.

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. “

A number of other research firms have also recently commented on CHCT. B. Riley upped their price target on shares of Community Healthcare Trust from $28.00 to $32.00 and gave the stock a hold rating in a report on Monday, August 13th. SunTrust Banks reiterated a buy rating and set a $36.00 target price on shares of Community Healthcare Trust in a report on Thursday, August 9th. Finally, ValuEngine upgraded shares of Community Healthcare Trust from a hold rating to a buy rating in a report on Thursday, June 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $32.50.

NYSE CHCT opened at $27.96 on Tuesday. The stock has a market capitalization of $563.84 million, a PE ratio of 19.83 and a beta of 0.80. Community Healthcare Trust has a 12 month low of $22.41 and a 12 month high of $32.81.

A number of institutional investors have recently modified their holdings of CHCT. Millennium Management LLC grew its holdings in Community Healthcare Trust by 87.9% during the 1st quarter. Millennium Management LLC now owns 435,885 shares of the real estate investment trust’s stock worth $11,220,000 after acquiring an additional 203,877 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Community Healthcare Trust by 326.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 204,819 shares of the real estate investment trust’s stock worth $2,274,000 after acquiring an additional 156,766 shares in the last quarter. BlackRock Inc. grew its holdings in Community Healthcare Trust by 4.2% during the 2nd quarter. BlackRock Inc. now owns 2,744,655 shares of the real estate investment trust’s stock worth $81,983,000 after acquiring an additional 109,825 shares in the last quarter. Foundry Partners LLC grew its holdings in Community Healthcare Trust by 67.6% during the 1st quarter. Foundry Partners LLC now owns 217,695 shares of the real estate investment trust’s stock worth $5,603,000 after acquiring an additional 87,820 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in Community Healthcare Trust by 544.4% during the 2nd quarter. Citadel Advisors LLC now owns 75,464 shares of the real estate investment trust’s stock worth $2,254,000 after acquiring an additional 63,754 shares in the last quarter. Institutional investors own 90.90% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $416.8 million in 91 real estate properties as of June 30, 2018, located in 27 states, totaling approximately 2.1 million square feet.

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