Community Healthcare Trust (NYSE:CHCT)‘s stock had its “hold” rating restated by equities research analysts at Evercore ISI in a report issued on Monday, AnalystRatings.com reports.
Other equities analysts have also issued research reports about the company. ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. B. Riley lifted their price objective on Community Healthcare Trust from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Zacks Investment Research lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $41.61.
Shares of NYSE CHCT traded down $0.89 during trading on Monday, reaching $45.10. 127,560 shares of the company traded hands, compared to its average volume of 119,170. The firm’s fifty day simple moving average is $45.64 and its 200 day simple moving average is $41.57. The stock has a market cap of $928.17 million, a P/E ratio of 28.36 and a beta of 0.72. Community Healthcare Trust has a 12-month low of $27.54 and a 12-month high of $49.17.
In other Community Healthcare Trust news, COO W. Page Barnes sold 5,263 shares of Community Healthcare Trust stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $46.00, for a total transaction of $242,098.00. Following the completion of the transaction, the chief operating officer now owns 190,463 shares in the company, valued at approximately $8,761,298. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Coastal Investment Advisors Inc. purchased a new position in shares of Community Healthcare Trust in the 2nd quarter valued at about $59,000. Bank of Montreal Can increased its stake in shares of Community Healthcare Trust by 318.9% in the 2nd quarter. Bank of Montreal Can now owns 2,191 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 1,668 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Community Healthcare Trust by 5.3% in the 3rd quarter. Rhumbline Advisers now owns 57,559 shares of the real estate investment trust’s stock valued at $2,564,000 after purchasing an additional 2,896 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Community Healthcare Trust by 116.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,209,056 shares of the real estate investment trust’s stock valued at $87,059,000 after purchasing an additional 1,190,028 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in shares of Community Healthcare Trust by 12.7% in the 2nd quarter. BB&T Securities LLC now owns 8,900 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.
About Community Healthcare Trust
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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