Community Healthcare Trust Inc (CHCT) Receives Average Recommendation of “Hold” from Brokerages
Community Healthcare Trust Inc (NYSE:CHCT) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $31.67.
Several research analysts have recently weighed in on CHCT shares. Zacks Investment Research raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Monday, October 15th. ValuEngine raised Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. B. Riley set a $32.00 target price on Community Healthcare Trust and gave the company a “hold” rating in a research note on Wednesday, November 7th. Finally, UBS Group initiated coverage on Community Healthcare Trust in a research note on Friday, November 16th. They issued a “sell” rating on the stock.
CHCT stock traded up $0.18 during midday trading on Tuesday, reaching $32.04. 1,515 shares of the company’s stock traded hands, compared to its average volume of 78,718. Community Healthcare Trust has a 52 week low of $22.41 and a 52 week high of $32.81. The stock has a market capitalization of $590.49 million, a price-to-earnings ratio of 22.71 and a beta of 0.86.
Community Healthcare Trust Company Profile
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 $424.2 million in 93 real estate properties as of September 30, 2018, located in 28 states, totaling approximately 2.1 million square feet.
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