Deprince Race & Zollo Inc. Has $8.91 Million Position in Community Healthcare Trust Inc (CHCT)

Deprince Race & Zollo Inc. lessened its position in Community Healthcare Trust Inc (NYSE:CHCT) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,137 shares of the real estate investment trust’s stock after selling 4,115 shares during the period. Deprince Race & Zollo Inc. owned 1.67% of Community Healthcare Trust worth $8,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHCT. Synovus Financial Corp bought a new position in Community Healthcare Trust in the fourth quarter worth approximately $29,000. Advisor Group Inc. bought a new position in shares of Community Healthcare Trust in the fourth quarter valued at approximately $31,000. LS Investment Advisors LLC lifted its holdings in shares of Community Healthcare Trust by 205.1% in the fourth quarter. LS Investment Advisors LLC now owns 1,739 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,169 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Community Healthcare Trust by 40.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,348 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 672 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Community Healthcare Trust in the fourth quarter valued at approximately $144,000. 84.72% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CHCT traded up $0.99 during mid-day trading on Friday, hitting $35.78. The company had a trading volume of 72,185 shares, compared to its average volume of 87,646. The stock has a market cap of $673.27 million, a PE ratio of 22.50 and a beta of 0.96. Community Healthcare Trust Inc has a 1 year low of $24.54 and a 1 year high of $37.14.

In related news, CAO Leigh Ann Stach sold 7,500 shares of Community Healthcare Trust stock in a transaction on Friday, March 15th. The stock was sold at an average price of $33.59, for a total transaction of $251,925.00. Following the completion of the sale, the chief accounting officer now owns 127,009 shares of the company’s stock, valued at $4,266,232.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is currently owned by company insiders.

A number of research firms have recently weighed in on CHCT. Zacks Investment Research lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Robert W. Baird began coverage on Community Healthcare Trust in a research report on Tuesday, April 9th. They set an “outperform” rating and a $35.05 price target for the company. Sandler O’Neill downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. ValuEngine downgraded Community Healthcare Trust from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Finally, DA Davidson assumed coverage on Community Healthcare Trust in a research report on Thursday, March 28th. They issued a “neutral” rating and a $38.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Community Healthcare Trust has a consensus rating of “Hold” and a consensus price target of $34.21.

TRADEMARK VIOLATION NOTICE: “Deprince Race & Zollo Inc. Has $8.91 Million Position in Community Healthcare Trust Inc (CHCT)” was posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.baseballdailydigest.com/news/2019/04/21/community-healthcare-trust-inc-chct-shares-sold-by-deprince-race-zollo-inc.html.

Community Healthcare Trust Profile

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 $444.9 million in 103 real estate properties as of December 31, 2018, located in 29 states, totaling approximately 2.2 million square feet.

Read More: How is net asset value different from market price?

Institutional Ownership by Quarter for Community Healthcare Trust (NYSE:CHCT)

Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.