Janney Montgomery Scott Lowers Community Healthcare Trust (NYSE:CHCT) to Neutral

Janney Montgomery Scott cut shares of Community Healthcare Trust (NYSE:CHCT) from a buy rating to a neutral rating in a report issued on Wednesday, Benzinga’s Daily Ratings Newsletter reports.

Several other brokerages have also issued reports on CHCT. Sandler O’Neill upgraded shares of HomeStreet from a hold rating to a buy rating and set a $31.00 price target for the company in a research note on Friday, April 5th. Robert W. Baird set a $134.00 price objective on shares of Carlisle Companies and gave the company a buy rating in a research note on Tuesday, April 9th. DA Davidson assumed coverage on shares of BRT Apartments in a research note on Thursday, March 28th. They set a buy rating and a $16.00 price objective for the company. Berenberg Bank set a €126.00 ($146.51) price objective on shares of Nemetschek and gave the company a neutral rating in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price objective for the company in a research note on Monday, July 8th. 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. The company presently has a consensus rating of Hold and a consensus target price of $36.84.

Shares of Community Healthcare Trust stock opened at $40.81 on Wednesday. The stock has a 50-day simple moving average of $39.02. The company has a market cap of $769.80 million, a price-to-earnings ratio of 25.51 and a beta of 0.73. Community Healthcare Trust has a 1 year low of $27.54 and a 1 year high of $41.47.



Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.05). The business had revenue of $13.44 million during 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%. Analysts predict that Community Healthcare Trust will post 1.69 EPS for the current fiscal year.

In other Community Healthcare Trust news, Director Horn R. Lawrence Van sold 4,053 shares of the firm’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 completion of the sale, the director now directly owns 19,439 shares in the company, valued at approximately $733,627.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.70% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Community Healthcare Trust by 2.1% during the 4th quarter. BlackRock Inc. now owns 2,853,004 shares of the real estate investment trust’s stock valued at $82,252,000 after purchasing an additional 58,081 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Community Healthcare Trust in the first quarter worth approximately $28,926,000. Millennium Management LLC grew its stake in shares of Community Healthcare Trust by 21.6% in the fourth quarter. Millennium Management LLC now owns 352,314 shares of the real estate investment trust’s stock worth $10,157,000 after acquiring an additional 62,504 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Community Healthcare Trust by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 343,702 shares of the real estate investment trust’s stock worth $9,908,000 after acquiring an additional 6,038 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Community Healthcare Trust by 3.6% in the fourth quarter. Northern Trust Corp now owns 253,343 shares of the real estate investment trust’s stock worth $7,303,000 after acquiring an additional 8,809 shares during the period. Institutional investors and hedge funds 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.

Featured Article: Growth Stocks, What They Are, What They Are Not

Analyst Recommendations for Community Healthcare Trust (NYSE:CHCT)

Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.