Janney Montgomery Scott downgraded shares of Community Healthcare Trust (NYSE:CHCT) from a buy rating to a neutral rating in a research report report published on Wednesday morning, Benzinga’s Daily Ratings Newsletter reports.
Other research analysts also recently issued research reports about the stock. DA Davidson assumed coverage on shares of BRT Apartments in a research report on Thursday, March 28th. They set a buy rating and a $16.00 price objective on the stock. Berenberg Bank set a €126.00 ($146.51) price objective on shares of Nemetschek and gave the company a neutral rating in a research report on Tuesday, April 23rd. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research report on Monday, July 8th. Finally, Robert W. Baird set a $134.00 price objective on shares of Carlisle Companies and gave the company a buy rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $36.84.
Shares of NYSE CHCT opened at $40.81 on Wednesday. The business has a 50 day moving average price of $39.02. The company has a market capitalization of $769.68 million, a P/E ratio of 25.67 and a beta of 0.73. Community Healthcare Trust has a 52-week low of $27.54 and a 52-week high of $41.47.
Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). The company had revenue of $13.44 million for the quarter, compared to the consensus estimate of $13.73 million. Community Healthcare Trust had a net margin of 7.86% and a return on equity of 1.45%. On average, analysts expect that Community Healthcare Trust will post 1.69 earnings per share for the current year.
In related news, Director Horn R. Lawrence Van sold 4,053 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $37.74, for a total transaction of $152,960.22. Following the transaction, the director now owns 19,439 shares in the company, valued at $733,627.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.70% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHCT. Advisor Group Inc. bought a new position in Community Healthcare Trust in the fourth quarter worth approximately $31,000. Quantamental Technologies LLC bought a new position in Community Healthcare Trust in the first quarter worth approximately $36,000. Private Capital Group LLC bought a new position in Community Healthcare Trust in the first quarter worth approximately $74,000. Municipal Employees Retirement System of Michigan bought a new position in Community Healthcare Trust in the fourth quarter worth approximately $144,000. Finally, BNP Paribas Arbitrage SA raised its position in Community Healthcare Trust by 521.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,147 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 3,480 shares during the period. Institutional investors and hedge funds own 90.08% of the company’s stock.
Community Healthcare Trust Company Profile
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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