Peregrine Capital Management LLC Acquires 14,451 Shares of Community Healthcare Trust Inc (NYSE:CHCT)

Peregrine Capital Management LLC raised its holdings in shares of Community Healthcare Trust Inc (NYSE:CHCT) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,192 shares of the real estate investment trust’s stock after purchasing an additional 14,451 shares during the quarter. Peregrine Capital Management LLC owned 0.57% of Community Healthcare Trust worth $5,202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CHCT. UBS Group AG lifted its position in Community Healthcare Trust by 81.3% during the fourth quarter. UBS Group AG now owns 26,898 shares of the real estate investment trust’s stock valued at $1,152,000 after purchasing an additional 12,064 shares during the last quarter. Guggenheim Capital LLC bought a new position in Community Healthcare Trust during the fourth quarter valued at $207,000. Goldman Sachs Group Inc. lifted its position in Community Healthcare Trust by 200.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 76,027 shares of the real estate investment trust’s stock valued at $3,259,000 after purchasing an additional 50,690 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Community Healthcare Trust by 7.6% in the fourth quarter. AQR Capital Management LLC now owns 9,025 shares of the real estate investment trust’s stock valued at $387,000 after acquiring an additional 634 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Community Healthcare Trust by 3.4% in the fourth quarter. Alliancebernstein L.P. now owns 27,000 shares of the real estate investment trust’s stock valued at $1,157,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 86.85% of the company’s stock.

CHCT stock opened at $45.73 on Friday. The company has a market capitalization of $1.01 billion, a PE ratio of 95.27 and a beta of 0.61. Community Healthcare Trust Inc has a 12 month low of $20.12 and a 12 month high of $52.33. The firm’s 50-day moving average is $42.06 and its 200 day moving average is $40.73.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $17.94 million for the quarter, compared to the consensus estimate of $17.52 million. Community Healthcare Trust had a net margin of 16.87% and a return on equity of 3.39%. As a group, analysts predict that Community Healthcare Trust Inc will post 1.97 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on CHCT shares. Piper Sandler increased their target price on shares of Community Healthcare Trust from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. B. Riley downgraded shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Thursday, May 7th. Zacks Investment Research raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, SunTrust Banks reduced their target price on shares of Community Healthcare Trust from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.14.

In other Community Healthcare Trust news, Director Robert Z. Hensley bought 2,630 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were acquired at an average price of $38.70 per share, with a total value of $101,781.00. Company insiders own 5.80% 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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Institutional Ownership by Quarter for Community Healthcare Trust (NYSE:CHCT)

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