Community Healthcare Trust (NYSE:CHCT) has been given a $29.00 target price by investment analysts at B. Riley in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s target price indicates a potential upside of 19.93% from the company’s current price.
CHCT has been the topic of a number of other research reports. ValuEngine downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Finally, Sandler O’Neill set a $30.00 target price on shares of Community Healthcare Trust and gave the company a “buy” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.50.
Community Healthcare Trust (NYSE:CHCT) opened at $24.18 on Thursday. Community Healthcare Trust has a one year low of $22.20 and a one year high of $30.64. The company has a market cap of $437.31 and a price-to-earnings ratio of 109.91.
In other news, CEO Timothy G. Wallace purchased 10,016 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were purchased at an average price of $26.85 per share, with a total value of $268,929.60. Following the purchase, the chief executive officer now directly owns 428,060 shares of the company’s stock, valued at approximately $11,493,411. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy G. Wallace purchased 4,949 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average cost of $27.60 per share, for a total transaction of $136,592.40. Following the purchase, the chief executive officer now directly owns 463,222 shares in the company, valued at $12,784,927.20. The disclosure for this purchase can be found here. In the last three months, insiders bought 25,064 shares of company stock worth $677,488. Insiders own 5.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC purchased a new stake in Community Healthcare Trust during the 4th quarter worth $189,000. First Allied Advisory Services Inc. purchased a new stake in Community Healthcare Trust during the 3rd quarter worth $214,000. Arrowstreet Capital Limited Partnership purchased a new stake in Community Healthcare Trust during the 2nd quarter worth $204,000. Wells Fargo & Company MN increased its stake in Community Healthcare Trust by 2.4% during the 2nd quarter. Wells Fargo & Company MN now owns 8,515 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 200 shares during the period. Finally, Brown Advisory Inc. purchased a new stake in Community Healthcare Trust during the 4th quarter worth $249,000. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
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About Community Healthcare Trust
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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