Community Healthcare Trust (CHCT) Downgraded by Zacks Investment Research to Sell

Community Healthcare Trust (NYSE:CHCT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Several other analysts have also recently weighed in on CHCT. Sandler O’Neill set a $30.00 price objective on shares of Community Healthcare Trust and gave the stock a “buy” rating in a research note on Wednesday, January 24th. B. Riley set a $29.00 price objective on shares of Community Healthcare Trust and gave the stock a “neutral” rating in a research note on Monday, December 18th. Finally, ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $28.50.

Shares of Community Healthcare Trust (CHCT) opened at $26.64 on Tuesday. Community Healthcare Trust has a 12 month low of $21.33 and a 12 month high of $30.64. The firm has a market cap of $469.87, a PE ratio of 126.86 and a beta of 0.99.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.38). Community Healthcare Trust had a return on equity of 1.40% and a net margin of 8.86%. equities research analysts expect that Community Healthcare Trust will post 1.45 earnings per share for the current year.

In other news, CEO Timothy G. Wallace bought 10,099 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $26.93 per share, for a total transaction of $271,966.07. Following the transaction, the chief executive officer now owns 448,206 shares of the company’s stock, valued at $12,070,187.58. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy G. Wallace bought 4,949 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average price of $27.60 per share, with a total value of $136,592.40. Following the completion of the transaction, the chief executive officer now directly owns 463,222 shares in the company, valued at approximately $12,784,927.20. The disclosure for this purchase can be found here. Insiders acquired a total of 25,064 shares of company stock valued at $677,488 in the last quarter. Corporate insiders own 5.50% of the company’s stock.

Large investors have recently modified their holdings of the company. Susquehanna International Group LLP acquired a new position in shares of Community Healthcare Trust in the 2nd quarter valued at approximately $201,000. First Allied Advisory Services Inc. acquired a new position in shares of Community Healthcare Trust in the 3rd quarter valued at approximately $214,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Community Healthcare Trust in the 2nd quarter valued at approximately $204,000. Wells Fargo & Company MN raised its position in shares of Community Healthcare Trust by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 8,515 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 200 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Community Healthcare Trust by 11.4% in the 2nd quarter. Voya Investment Management LLC now owns 9,828 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 1,004 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

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Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.

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