Is Community Healthcare Trust Incorporated (CHCT) a Buy? The Stock Reaches Record High Today

Community Healthcare Trust Incorporated (NYSE:CHCT) Logo

The stock of Community Healthcare Trust Incorporated (NYSE:CHCT) reached all time high today, May, 17 and still has $39.59 target or 6.00 % above today’s $37.35 share price. This indicates more upside for the $674.86 million company. This technical setup was reported by Barchart.com. If the $39.59 PT is reached, the company will be worth $40.49 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.46% or $0.17 during the last trading session, reaching $37.35. About 183,577 shares traded or 48.61% 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: “My Oh My, Another Strong Buy – Seeking Alpha” on August 27, 2018, also Seekingalpha.com with their article: “Small- to mid-cap net-lease REITs attract Berenberg – Seeking Alpha” published on April 23, 2019, Seekingalpha.com published: “Are You A Buyer For This High-Yielding Outlier? – Seeking Alpha” on October 14, 2016. More interesting news about Community Healthcare Trust Incorporated (NYSE:CHCT) were released by: Seekingalpha.com and their article: “Back To School Check-Up For DOC – Seeking Alpha” published on August 13, 2018 as well as Seekingalpha.com‘s news article titled: “Apple, IBM, Costco among those expected to raise payouts next week – Seeking Alpha” with publication date: April 26, 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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