Community Healthcare Trust Inc. (CHCT) Upgraded to “Hold” by 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 research 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. The stock had a trading volume of 43,768 shares. The stock’s 50-day moving average is $22.30 and its 200-day moving average is $20.66. Community Healthcare Trust has a 1-year low of $15.87 and a 1-year high of $23.70. The stock has a market capitalization of $271.82 million, a PE ratio of 305.14 and a beta of 1.11.
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Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. The company had revenue of $6.20 million for the quarter, compared to analyst estimates of $5.87 million. Community Healthcare Trust had a return on equity of 0.48% and a net margin of 3.54%. On average, equities research analysts anticipate that Community Healthcare Trust will post $1.39 EPS for the current fiscal year.
In related news, CEO Timothy G. Wallace acquired 12,170 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were bought at an average cost of $21.66 per share, with a total value of $263,602.20. Following the completion of the purchase, the chief executive officer now directly owns 250,332 shares in the company, valued at $5,422,191.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy G. Wallace acquired 11,332 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The stock was bought at an average cost of $22.58 per share, for a total transaction of $255,876.56. Following the completion of the purchase, the chief executive officer now owns 310,491 shares of the company’s stock, valued at $7,010,886.78. The disclosure for this purchase can be found here. 5.10% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of CHCT. Westfield Capital Management Co. LP bought a new position in Community Healthcare Trust during the second quarter worth approximately $13,796,000. Nuveen Asset Management LLC acquired a new position in shares of Community Healthcare Trust during the second quarter valued at about $11,038,000. Royal Bank of Canada raised its position in shares of Community Healthcare Trust by 144.9% in the second quarter. Royal Bank of Canada now owns 706,860 shares of the company’s stock valued at $14,943,000 after buying an additional 418,185 shares during the period. Mendon Capital Advisors Corp acquired a new position in shares of Community Healthcare Trust during the second quarter valued at about $8,422,000. Finally, Systematic Financial Management LP raised its position in shares of Community Healthcare Trust by 83.5% in the second quarter. Systematic Financial Management LP now owns 752,950 shares of the company’s stock valued at $15,917,000 after buying an additional 342,653 shares during the period. 86.02% of the stock is currently owned by institutional investors.
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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