CHCT Stock Summary and Trading Ideas (Community Healthcare Trust | NYSE:CHCT)

Community Healthcare Trust Inc is an integrated healthcare real estate company in the United States. 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. The company derives majority of its revenues from its real estate property and mortgage notes portfolio. The company's rental and mortgage interest income is recognized based on contractual arrangements with its tenants and borrowers.

Community Healthcare Trust trades on the NYSE stock market under the symbol CHCT.

As of May 13, 2024, CHCT stock price climbed to $24.00 with 156,089 million shares trading.

CHCT has a beta of 0.46, meaning it tends to be less sensitive to market movements. CHCT has a correlation of 0.05 to the broad based SPY ETF.

CHCT has a market cap of $664.35 million. This is considered a Small Cap stock.

Last quarter Community Healthcare Trust reported $29 million in Revenue and $.59 earnings per share. This fell short of revenue expectation by $-477,000 and missed earnings estimates by -$.02.

In the last 3 years, CHCT stock traded as high as $51.53 and as low as $23.82.

The top ETF exchange traded funds that CHCT belongs to (by Net Assets): IJR, VNQ, VTI, IWM, DIV.

CHCT has underperformed the market in the last year with a price return of -25.9% while the SPY ETF gained +27.8%. CHCT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.4% and -7.1%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

CHCT support price is $23.56 and resistance is $24.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHCT stock will trade within this expected range on the day.