WINTON GROUP Ltd cut its holdings in Community Healthcare Trust Inc (NYSE:CHCT) by 53.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,854 shares of the real estate investment trust’s stock after selling 6,750 shares during the period. WINTON GROUP Ltd’s holdings in Community Healthcare Trust were worth $231,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of CHCT. Advisor Group Inc. bought a new stake in Community Healthcare Trust in the fourth quarter worth $31,000. Quantamental Technologies LLC purchased a new position in shares of Community Healthcare Trust in the first quarter valued at about $36,000. Private Capital Group LLC purchased a new position in shares of Community Healthcare Trust in the first quarter valued at about $74,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Community Healthcare Trust in the fourth quarter valued at about $144,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Community Healthcare Trust by 521.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,147 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 3,480 shares during the period. 89.72% of the stock is owned by institutional investors and hedge funds.
In related news, Director Horn R. Lawrence Van sold 4,053 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $37.74, for a total transaction of $152,960.22. Following the transaction, the director now owns 19,439 shares in the company, valued at $733,627.86. The sale 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 insiders.
Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a net margin of 7.86% and a return on equity of 1.45%. The firm had revenue of $13.44 million during the quarter, compared to analysts’ expectations of $13.73 million. Research analysts expect that Community Healthcare Trust Inc will post 1.69 earnings per share for the current year.
A number of research firms have issued reports on CHCT. Janney Montgomery Scott cut shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Robert W. Baird began coverage on shares of Community Healthcare Trust in a research report on Tuesday, April 9th. They issued an “outperform” rating and a $35.05 price objective on the stock. Zacks Investment Research upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Berenberg Bank began coverage on shares of Community Healthcare Trust in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $41.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Community Healthcare Trust has a consensus rating of “Hold” and a consensus price target of $36.84.
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 $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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