Evercore ISI Raises Community Healthcare Trust Incorporated (CHCT) Price Target to $26.50

Community Healthcare Trust Incorporated (NYSE:CHCT) had its target price raised by Evercore ISI from $25.50 to $26.50 in a research report sent to investors on Tuesday, July 4th, StockTargetPrices.com reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages have also recently commented on CHCT. TheStreet raised Community Healthcare Trust from a d+ rating to a c+ rating in a research note on Monday, March 27th. Zacks Investment Research cut Community Healthcare Trust from a hold rating to a sell rating in a research report on Wednesday, April 26th.

Shares of Community Healthcare Trust (NYSE CHCT) traded down 0.75% on Tuesday, hitting $25.15. 43,228 shares of the company traded hands. The stock’s 50-day moving average price is $25.58 and its 200-day moving average price is $24.21. Community Healthcare Trust has a 12 month low of $19.61 and a 12 month high of $26.50. The company has a market capitalization of $319.05 million, a PE ratio of 91.79 and a beta of 1.06.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of Community Healthcare Trust by 2.7% in the second quarter. Russell Investments Group Ltd. now owns 134,789 shares of the real estate investment trust’s stock worth $3,450,000 after buying an additional 3,563 shares during the period. Thomson Horstmann & Bryant Inc. raised its position in shares of Community Healthcare Trust by 29.9% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 396,202 shares of the real estate investment trust’s stock worth $10,138,000 after buying an additional 91,252 shares during the period. Nuveen Asset Management LLC raised its position in shares of Community Healthcare Trust by 9.2% in the first quarter. Nuveen Asset Management LLC now owns 476,040 shares of the real estate investment trust’s stock worth $11,377,000 after buying an additional 39,959 shares during the period. Bank of America Corp DE raised its position in shares of Community Healthcare Trust by 20.9% in the first quarter. Bank of America Corp DE now owns 5,141 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 888 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Community Healthcare Trust by 16.7% in the first quarter. Renaissance Technologies LLC now owns 140,000 shares of the real estate investment trust’s stock worth $3,346,000 after buying an additional 20,000 shares during the period. Institutional investors own 81.27% 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.

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