Could Community Healthcare Trust Incorporated (CHCT) Lose its Strength? The Stock Reaches 52-Week High

Community Healthcare Trust Incorporated (NYSE:CHCT) Logo

The stock of Community Healthcare Trust Incorporated (NYSE:CHCT) hit a new 52-week high and has $40.34 target or 8.00 % above today’s $37.35 share price. The 6 months bullish chart indicates low risk for the $674.86M company. The 1-year high was reported on May, 17 by Barchart.com. If the $40.34 price target is reached, the company will be worth $53.99 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.46% or $0.17 during the last trading session, reaching $37.35. About 288,291 shares traded or 133.37% up from the average. Community Healthcare Trust Incorporated (NYSE:CHCT) has risen 40.77% since May 17, 2018 and is uptrending. It has outperformed by 36.40% the S&P500.

Community Healthcare Trust Incorporated (NYSE:CHCT) Ratings Coverage

Among 3 analysts covering Community Healthcare Trust (NYSE:CHCT), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Community Healthcare Trust had 6 analyst reports since February 26, 2019 according to SRatingsIntel. The stock of Community Healthcare Trust Incorporated (NYSE:CHCT) earned “Hold” rating by FBR Capital on Tuesday, February 26.

More notable recent Community Healthcare Trust Incorporated (NYSE:CHCT) news were published by: Seekingalpha.com which released: “‘Mastering The Market Cycle’ For Ventas – Seeking Alpha” on October 30, 2018, also Seekingalpha.com with their article: “Small- to mid-cap net-lease REITs attract Berenberg – Seeking Alpha” published on April 23, 2019, Prnewswire.com published: “Community Healthcare Trust Incorporated Announces the Appointment of Leigh Ann Stach as Executive Vice President and Chief Accounting Officer – PRNewswire” on May 02, 2019. More interesting news about Community Healthcare Trust Incorporated (NYSE:CHCT) were released by: Streetinsider.com and their article: “Community Healthcare Trust Incorporated (CHCT) Announces Appointment of David H. Dupuy as CFO – StreetInsider.com” published on March 11, 2019 as well as Investorplace.com‘s news article titled: “7 Financial Stocks With Accelerating Growth – Investorplace.com” with publication date: February 15, 2019.

Community Healthcare Trust Incorporated owns real estate properties. The company has market cap of $674.86 million.

Community Healthcare Trust Incorporated (NYSE:CHCT) Ratings Chart

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