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

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 equities research analysts also recently issued reports on the stock. B. Riley upped their price target on shares of Community Healthcare Trust from $28.00 to $32.00 and gave the company a hold rating in a research note on Monday, August 13th. SunTrust Banks reaffirmed a buy rating and set a $36.00 price target on shares of Community Healthcare Trust in a research note on Thursday, August 9th. Finally, ValuEngine raised shares of Community Healthcare Trust from a hold rating to a buy rating in a research note on Thursday, June 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $32.50.

Community Healthcare Trust stock opened at $27.96 on Tuesday. The firm has a market cap of $563.84 million, a P/E ratio of 19.83 and a beta of 0.80. Community Healthcare Trust has a 52-week low of $22.41 and a 52-week high of $32.81.

A number of institutional investors have recently added to or reduced their stakes in CHCT. Piedmont Investment Advisors LLC purchased a new stake in shares of Community Healthcare Trust in the second quarter valued at $120,000. Canandaigua National Bank & Trust Co. purchased a new stake in shares of Community Healthcare Trust in the second quarter valued at $202,000. United Services Automobile Association purchased a new stake in shares of Community Healthcare Trust in the second quarter valued at $219,000. Dupont Capital Management Corp purchased a new stake in shares of Community Healthcare Trust in the second quarter valued at $220,000. Finally, National Investment Services Inc. WI purchased a new stake in shares of Community Healthcare Trust in the third quarter valued at $220,000. 90.90% of the stock is currently owned by institutional investors.

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 $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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