Janney Montgomery Scott LLC cut its holdings in Community Healthcare Trust Inc (NYSE:CHCT) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,174 shares of the real estate investment trust’s stock after selling 280 shares during the quarter. Janney Montgomery Scott LLC owned about 0.21% of Community Healthcare Trust worth $1,929,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Ensign Peak Advisors Inc bought a new stake in Community Healthcare Trust in the first quarter worth about $69,000. Eii Capital Management Inc. bought a new stake in Community Healthcare Trust in the second quarter worth about $137,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Community Healthcare Trust by 37.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,349 shares of the real estate investment trust’s stock worth $205,000 after acquiring an additional 1,470 shares in the last quarter. Guggenheim Capital LLC bought a new stake in Community Healthcare Trust in the fourth quarter worth about $207,000. Finally, Louisiana State Employees Retirement System raised its position in Community Healthcare Trust by 5.7% in the second quarter. Louisiana State Employees Retirement System now owns 5,550 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 86.85% of the company’s stock.
CHCT has been the topic of several research reports. SunTrust Banks dropped their price target on shares of Community Healthcare Trust from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. B. Riley downgraded Community Healthcare Trust from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Thursday, May 7th. Zacks Investment Research upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Piper Sandler boosted their price objective on Community Healthcare Trust from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Community Healthcare Trust has a consensus rating of “Buy” and an average price target of $43.14.
In other Community Healthcare Trust news, Director Robert Z. Hensley bought 2,630 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $38.70 per share, for a total transaction of $101,781.00. 5.80% of the stock is owned by corporate insiders.
Shares of CHCT opened at $45.73 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.78 and a beta of 0.61. Community Healthcare Trust Inc has a fifty-two week low of $20.12 and a fifty-two week high of $52.33. The business’s 50-day moving average is $42.06 and its 200-day moving average is $40.73.
Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $17.94 million for the quarter, compared to the consensus estimate of $17.52 million. Community Healthcare Trust had a return on equity of 3.39% and a net margin of 16.87%. On average, equities analysts predict that Community Healthcare Trust Inc will post 1.97 earnings per share for the current year.
Community Healthcare Trust Company Profile
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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