Community Healthcare Trust (NYSE:CHCT) received a $32.00 price objective from investment analysts at B. Riley in a research report issued on Wednesday, November 7th. The firm presently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s target price would indicate a potential upside of 9.63% from the company’s previous close.
A number of other analysts have also recently commented on the stock. ValuEngine raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Zacks Investment Research cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $36.00 price target on shares of Community Healthcare Trust in a research report on Thursday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Community Healthcare Trust currently has a consensus rating of “Buy” and a consensus target price of $31.50.
Shares of CHCT opened at $29.19 on Wednesday. The firm has a market cap of $555.27 million, a price-to-earnings ratio of 20.70 and a beta of 0.79. Community Healthcare Trust has a 12 month low of $22.41 and a 12 month high of $32.81.
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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