Janney Montgomery Scott lowered shares of Community Healthcare Trust (NYSE:CHCT) from a buy rating to a neutral rating in a research report report published on Wednesday, Benzinga’s Daily Ratings Newsletter reports.
Several other equities research analysts also recently commented on the stock. Berenberg Bank set a €126.00 ($146.51) target price on shares of Nemetschek and gave the stock a neutral rating in a research report on Tuesday, April 23rd. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Monday, April 1st. Sandler O’Neill upgraded shares of HomeStreet from a hold rating to a buy rating and set a $31.00 price target on the stock in a report on Friday, April 5th. Robert W. Baird set a $134.00 price target on shares of Carlisle Companies and gave the stock a buy rating in a report on Tuesday, April 9th. Finally, DA Davidson assumed coverage on shares of BRT Apartments in a report on Thursday, March 28th. They set a buy rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Community Healthcare Trust presently has a consensus rating of Hold and an average target price of $36.84.
NYSE:CHCT opened at $40.81 on Wednesday. The stock’s 50-day simple moving average is $39.02. The company has a market capitalization of $769.80 million, a P/E ratio of 25.51 and a beta of 0.73. Community Healthcare Trust has a one year low of $27.54 and a one year high of $41.47.
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 directly owns 19,439 shares in the company, valued at $733,627.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.70% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHCT. Advisor Group Inc. purchased a new position in Community Healthcare Trust in the fourth quarter valued at about $31,000. Quantamental Technologies LLC purchased a new position in Community Healthcare Trust in the first quarter valued at about $36,000. Private Capital Group LLC purchased a new position in Community Healthcare Trust in the first quarter valued at about $74,000. Municipal Employees Retirement System of Michigan purchased a new position in Community Healthcare Trust in the fourth quarter valued at about $144,000. Finally, BNP Paribas Arbitrage SA boosted its stake in 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 last quarter. Hedge funds and other institutional investors own 90.08% 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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