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.
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.
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