Community Healthcare Trust Inc. (CHCT) Raised to Hold at Zacks Investment Research
Community Healthcare Trust Inc. (NYSE:CHCT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
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. “
Community Healthcare Trust (NYSE:CHCT) traded down 0.40% during midday trading on Monday, hitting $22.58. 43,768 shares of the company were exchanged. The stock has a market capitalization of $271.82 million, a PE ratio of 305.14 and a beta of 1.11. Community Healthcare Trust has a one year low of $15.87 and a one year high of $23.70. The firm’s 50-day moving average price is $22.30 and its 200-day moving average price is $20.66.
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Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $6.20 million for the quarter, compared to the consensus estimate of $5.87 million. Community Healthcare Trust had a net margin of 3.54% and a return on equity of 0.48%. Equities research analysts anticipate that Community Healthcare Trust will post $1.39 earnings per share for the current year.
In related news, CEO Timothy G. Wallace purchased 12,170 shares of Community Healthcare Trust stock in a transaction dated Monday, September 19th. The shares were bought at an average cost of $21.66 per share, for a total transaction of $263,602.20. Following the purchase, the chief executive officer now owns 250,332 shares in the company, valued at approximately $5,422,191.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy G. Wallace purchased 19,522 shares of Community Healthcare Trust stock in a transaction dated Friday, September 16th. The stock was bought at an average price of $21.30 per share, for a total transaction of $415,818.60. Following the completion of the purchase, the chief executive officer now owns 228,256 shares in the company, valued at approximately $4,861,852.80. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC bought a new stake in Community Healthcare Trust during the first quarter worth $702,000. Goldman Sachs Group Inc. increased its stake in Community Healthcare Trust by 16.3% in the first quarter. Goldman Sachs Group Inc. now owns 608,785 shares of the company’s stock valued at $11,256,000 after buying an additional 85,284 shares in the last quarter. Prudential Financial Inc. increased its stake in Community Healthcare Trust by 1.3% in the first quarter. Prudential Financial Inc. now owns 858,840 shares of the company’s stock valued at $15,880,000 after buying an additional 10,662 shares in the last quarter. Foundry Partners LLC increased its stake in Community Healthcare Trust by 5.5% in the second quarter. Foundry Partners LLC now owns 182,385 shares of the company’s stock valued at $3,856,000 after buying an additional 9,525 shares in the last quarter. Finally, Royce & Associates LP acquired a new stake in Community Healthcare Trust during the second quarter valued at approximately $2,706,000. Institutional investors own 86.02% of the company’s stock.
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. The Company holds interests in approximately 40 real estate properties and mortgage notes, located in over 20 states, totaling approximately 789,500 square feet.
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