Swiss National Bank purchased a new position in Community Healthcare (NYSE:CHCT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,700 shares of the real estate investment trust’s stock, valued at approximately $863,000. Swiss National Bank owned about 0.17% of Community Healthcare at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Systematic Financial Management LP boosted its stake in Community Healthcare by 20.3% in the 3rd quarter. Systematic Financial Management LP now owns 748,026 shares of the real estate investment trust’s stock worth $20,167,000 after buying an additional 126,413 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Community Healthcare by 11.6% in the 2nd 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. Westfield Capital Management Co. LP lifted its stake in shares of Community Healthcare by 24.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 583,882 shares of the real estate investment trust’s stock valued at $15,741,000 after purchasing an additional 115,575 shares in the last quarter. Manning & Napier Advisors LLC lifted its stake in shares of Community Healthcare by 3.1% in the 3rd 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. Finally, American Century Companies Inc. lifted its stake in shares of Community Healthcare by 24.6% in the 3rd quarter. American Century Companies Inc. now owns 468,816 shares of the real estate investment trust’s stock valued at $12,639,000 after purchasing an additional 92,656 shares in the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. TheStreet raised Community Healthcare from a “d+” rating to a “c-” rating in a research note on Wednesday, March 28th. ValuEngine raised Community Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Sandler O’Neill set a $28.00 price objective on Community Healthcare and gave the company a “buy” rating in a research note on Monday, February 26th. B. Riley set a $29.00 price objective on Community Healthcare and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Finally, Zacks Investment Research downgraded Community Healthcare from a “hold” rating to a “sell” rating in a report on Monday, February 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $27.83.
Shares of NYSE:CHCT traded up $0.01 during mid-day trading on Friday, hitting $25.31. 82,927 shares of the company traded hands, compared to its average volume of 104,269. The company has a market cap of $459.95, a P/E ratio of 17.95 and a beta of 0.79. Community Healthcare has a 52-week low of $22.41 and a 52-week high of $30.64.
Community Healthcare (NYSE:CHCT) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.28). The company had revenue of $10.96 million for the quarter, compared to analysts’ expectations of $10.52 million. Community Healthcare had a net margin of 9.40% and a return on equity of 1.48%. equities research analysts expect that Community Healthcare will post 1.67 EPS for the current year.
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About Community Healthcare
Community Healthcare Trust, Inc engages in the acquisition of real estate properties that are leased to hospitals, doctors, healthcare systems, and other healthcare services providers. It invests in healthcare properties including outpatient treatment and diagnostic facilities; urgent care centers; acute care hospitals; ambulatory surgery centers; assisted living and long-term care facilities; medical office buildings; clinics; specialty hospitals; and treatment centers.
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