Community Healthcare Trust (CHCT) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Community Healthcare Trust (NYSE:CHCT) from a hold rating to a sell rating in a report released on Tuesday.

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. “

Other research analysts have also issued reports about the company. Sandler O’Neill set a $30.00 target price on Community Healthcare Trust and gave the stock a buy rating in a report on Wednesday, January 24th. B. Riley set a $29.00 target price on Community Healthcare Trust and gave the stock a neutral rating in a report on Monday, December 18th. Finally, ValuEngine lowered Community Healthcare Trust from a buy rating to a hold rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Community Healthcare Trust has an average rating of Hold and an average target price of $28.50.

Shares of Community Healthcare Trust (NYSE:CHCT) opened at $26.01 on Tuesday. Community Healthcare Trust has a 52 week low of $21.33 and a 52 week high of $30.64. The company has a market capitalization of $470.41 and a price-to-earnings ratio of 118.23.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 predict that Community Healthcare Trust will post 1.45 EPS for the current fiscal year.

In other news, CEO Timothy G. Wallace purchased 10,099 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were bought at an average cost of $26.93 per share, for a total transaction of $271,966.07. Following the completion of the acquisition, the chief executive officer now directly owns 448,206 shares in the company, valued at approximately $12,070,187.58. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy G. Wallace purchased 4,949 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average price of $27.60 per share, for a total transaction of $136,592.40. Following the completion of the acquisition, the chief executive officer now owns 463,222 shares of the company’s stock, valued at $12,784,927.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 25,064 shares of company stock worth $677,488. Corporate insiders own 5.50% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Systematic Financial Management LP lifted its holdings in shares of Community Healthcare Trust by 20.3% in the third quarter. Systematic Financial Management LP now owns 748,026 shares of the real estate investment trust’s stock valued at $20,167,000 after purchasing an additional 126,413 shares in the last quarter. Manning & Napier Advisors LLC lifted its holdings in shares of Community Healthcare Trust by 3.1% in the third quarter. Manning & Napier Advisors LLC now owns 483,825 shares of the real estate investment trust’s stock valued at $13,042,000 after purchasing an additional 14,485 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Community Healthcare Trust by 13.6% in the third quarter. Asset Management One Co. Ltd. now owns 34,884 shares of the real estate investment trust’s stock valued at $945,000 after purchasing an additional 4,178 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Community Healthcare Trust in the third quarter valued at about $4,089,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Community Healthcare Trust by 11.6% in the second quarter. Vanguard Group Inc. now owns 622,120 shares of the real estate investment trust’s stock valued at $15,920,000 after purchasing an additional 64,533 shares in the last quarter. Institutional investors own 85.47% 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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