Zacks Investment Research upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a strong sell rating to a hold rating in a research note released on Tuesday, January 9th.
According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “
CHCT has been the subject of several other research reports. B. Riley set a $29.00 price target on shares of Community Healthcare Trust and gave the stock a neutral rating in a research report on Monday, December 18th. ValuEngine downgraded shares of Community Healthcare Trust from a buy rating to a hold rating in a report on Friday, December 1st. Finally, BidaskClub downgraded shares of Community Healthcare Trust from a buy rating to a hold rating in a report on Wednesday, September 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Community Healthcare Trust presently has an average rating of Hold and a consensus target price of $27.75.
Community Healthcare Trust (NYSE:CHCT) traded up $0.22 during mid-day trading on Tuesday, hitting $25.95. 226,364 shares of the stock traded hands, compared to its average volume of 185,050. Community Healthcare Trust has a twelve month low of $21.33 and a twelve month high of $30.64. The stock has a market cap of $469.33 and a price-to-earnings ratio of 117.95.
Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.38). Community Healthcare Trust had a return on equity of 1.40% and a net margin of 8.86%. equities research analysts expect that Community Healthcare Trust will post 1.45 earnings per share for the current fiscal year.
In other Community Healthcare Trust news, CEO Timothy G. Wallace purchased 10,099 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was bought at an average price of $26.93 per share, with a total value of $271,966.07. Following the transaction, the chief executive officer now directly owns 448,206 shares of the company’s stock, valued at approximately $12,070,187.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy G. Wallace acquired 10,016 shares of Community Healthcare Trust stock in a transaction dated Thursday, December 7th. The stock was purchased at an average price of $26.85 per share, for a total transaction of $268,929.60. Following the completion of the acquisition, the chief executive officer now directly owns 428,060 shares in the company, valued at approximately $11,493,411. The disclosure for this purchase can be found here. Insiders have purchased a total of 25,064 shares of company stock valued at $677,488 in the last ninety days. 5.50% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. raised its stake in Community Healthcare Trust by 33.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,582,381 shares of the real estate investment trust’s stock worth $42,661,000 after acquiring an additional 397,515 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in Community Healthcare Trust during the 3rd quarter worth $8,867,000. Eagle Boston Investment Management Inc. acquired a new stake in Community Healthcare Trust during the 3rd quarter worth $8,290,000. Adelante Capital Management LLC acquired a new stake in Community Healthcare Trust during the 3rd quarter worth $6,740,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Community Healthcare Trust during the 3rd quarter worth $4,089,000. Institutional investors and hedge funds own 85.49% of the company’s stock.
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Community Healthcare Trust Company Profile
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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