Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report) Director Robert Hensley bought 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $15.21 per share, with a total value of $121,680.00. Following the purchase, the director directly owned 103,702 shares in the company, valued at $1,577,307.42. The trade was a 8.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Community Healthcare Trust Price Performance
NYSE:CHCT traded down $0.07 on Wednesday, reaching $15.00. The stock had a trading volume of 284,580 shares, compared to its average volume of 241,744. Community Healthcare Trust Incorporated has a 12-month low of $13.23 and a 12-month high of $19.17. The company has a market cap of $429.75 million, a price-to-earnings ratio of 22.39 and a beta of 0.71. The firm’s fifty day moving average is $17.81 and its two-hundred day moving average is $17.30.
Community Healthcare Trust (NYSE:CHCT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm had revenue of $30.97 million for the quarter, compared to analysts’ expectations of $31.77 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. As a group, research analysts forecast that Community Healthcare Trust Incorporated will post 1.9 earnings per share for the current fiscal year.
Community Healthcare Trust Cuts Dividend
Analysts Set New Price Targets
A number of research analysts have weighed in on CHCT shares. Piper Sandler reduced their price target on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Huntington initiated coverage on Community Healthcare Trust in a research report on Friday, July 17th. They issued an “outperform” rating and a $20.00 price objective for the company. Wall Street Zen lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial increased their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.50.
View Our Latest Stock Report on Community Healthcare Trust
Hedge Funds Weigh In On Community Healthcare Trust
Several institutional investors and hedge funds have recently bought and sold shares of CHCT. Kestra Advisory Services LLC acquired a new position in shares of Community Healthcare Trust in the 4th quarter valued at $49,000. Creative Financial Designs Inc. ADV grew its stake in shares of Community Healthcare Trust by 104.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,817 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Community Healthcare Trust during the 2nd quarter worth $58,000. Quadrant Capital Group LLC increased its holdings in shares of Community Healthcare Trust by 992.0% during the 4th quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 4,107 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Community Healthcare Trust by 143.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 3,470 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.
About Community Healthcare Trust
Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.
As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.
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