Community Healthcare Trust (NYSE:CHCT) Hits New 52-Week High at $42.32

Community Healthcare Trust Inc (NYSE:CHCT) hit a new 52-week high during trading on Friday . The company traded as high as $42.32 and last traded at $42.28, with a volume of 73569 shares trading hands. The stock had previously closed at $41.52.

A number of research analysts have commented on the company. Berenberg Bank assumed coverage on Community Healthcare Trust in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $41.00 target price on the stock. Sandler O’Neill downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Robert W. Baird assumed coverage on Community Healthcare Trust in a research note on Tuesday, April 9th. They issued an “outperform” rating and a $35.05 target price on the stock. Zacks Investment Research upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Janney Montgomery Scott downgraded Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Community Healthcare Trust has a consensus rating of “Hold” and a consensus target price of $36.84.

The company has a 50-day moving average price of $40.15. The company has a market capitalization of $797.40 million, a P/E ratio of 26.59 and a beta of 0.73.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a return on equity of 1.45% and a net margin of 7.86%. The company had revenue of $13.44 million during the quarter, compared to analyst estimates of $13.73 million. On average, equities analysts predict that Community Healthcare Trust Inc will post 1.69 EPS for the current fiscal year.

In other Community Healthcare Trust news, Director Horn R. Lawrence Van sold 4,053 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $37.74, for a total value of $152,960.22. Following the completion of the sale, the director now owns 19,439 shares of the company’s stock, valued at $733,627.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CHCT. Advisor Group Inc. acquired a new position in shares of Community Healthcare Trust during the 4th quarter worth about $31,000. Quantamental Technologies LLC acquired a new position in shares of Community Healthcare Trust during the 1st quarter worth about $36,000. Coastal Investment Advisors Inc. acquired a new position in shares of Community Healthcare Trust during the 2nd quarter worth about $59,000. Private Capital Group LLC acquired a new position in shares of Community Healthcare Trust during the 1st quarter worth about $74,000. Finally, KBC Group NV acquired a new position in shares of Community Healthcare Trust during the 2nd quarter worth about $74,000. 89.72% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Company Profile (NYSE:CHCT)

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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