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.
Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). The business had revenue of $13.44 million for the quarter, compared to the consensus estimate of $13.73 million. Community Healthcare Trust had a return on equity of 1.45% and a net margin of 7.86%. As a group, equities research analysts expect that Community Healthcare Trust will post 1.69 EPS for the current year.
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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