The Zacks Investment Research Upgrades Community Healthcare Trust Inc. (CHCT) to Hold

The Zacks Investment Research Upgrades Community Healthcare Trust Inc. (CHCT) to Hold

Zacks Investment Research upgraded shares of Community Healthcare Trust Inc. (NYSE:CHCT) from a sell rating to a hold rating in a research note published on Monday morning.

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. “

Community Healthcare Trust (NYSE:CHCT) opened at 21.81 on Monday. Community Healthcare Trust has a 1-year low of $15.87 and a 1-year high of $23.70. The firm has a 50-day moving average price of $22.19 and a 200-day moving average price of $20.74. The firm has a market cap of $262.55 million, a price-to-earnings ratio of 294.73 and a beta of 1.11.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.32. Community Healthcare Trust had a return on equity of 0.48% and a net margin of 3.54%. The company earned $6.20 million during the quarter, compared to analysts’ expectations of $5.87 million. On average, analysts expect that Community Healthcare Trust will post $1.39 earnings per share for the current fiscal year.

In other news, CEO Timothy G. Wallace bought 19,522 shares of the stock in a transaction dated Friday, September 16th. The shares were bought at an average price of $21.30 per share, for a total transaction of $415,818.60. Following the completion of the purchase, the chief executive officer now owns 228,256 shares in the company, valued at $4,861,852.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy G. Wallace bought 13,401 shares of the stock in a transaction dated Wednesday, September 21st. The shares were purchased at an average price of $21.97 per share, for a total transaction of $294,419.97. Following the purchase, the chief executive officer now owns 276,821 shares of the company’s stock, valued at approximately $6,081,757.37. The disclosure for this purchase can be found here. Insiders own 5.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. American International Group Inc. bought a new position in Community Healthcare Trust during the second quarter worth approximately $153,000. Nationwide Fund Advisors bought a new position in Community Healthcare Trust during the second quarter worth approximately $169,000. Metropolitan Life Insurance Co. NY raised its position in Community Healthcare Trust by 2,687.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,647 shares of the company’s stock worth $225,000 after buying an additional 10,265 shares during the period. Mesirow Financial Investment Management Equity Management bought a new position in Community Healthcare Trust during the second quarter worth approximately $240,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Community Healthcare Trust during the second quarter worth approximately $280,000. Institutional investors own 86.02% of the company’s stock.

About Community Healthcare Trust

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. The Company holds interests in approximately 40 real estate properties and mortgage notes, located in over 20 states, totaling approximately 789,500 square feet.

Related posts

Leave a Comment