ProShare Advisors LLC Has $6.15 Million Stake in Community Healthcare Trust Incorporated $CHCT

ProShare Advisors LLC grew its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 401,713 shares of the real estate investment trust’s stock after acquiring an additional 35,276 shares during the period. ProShare Advisors LLC’s holdings in Community Healthcare Trust were worth $6,146,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Systematic Financial Management LP boosted its position in shares of Community Healthcare Trust by 1.3% during the 2nd quarter. Systematic Financial Management LP now owns 1,054,932 shares of the real estate investment trust’s stock valued at $17,544,000 after purchasing an additional 13,603 shares in the last quarter. Invesco Ltd. increased its holdings in Community Healthcare Trust by 12.6% in the second quarter. Invesco Ltd. now owns 763,034 shares of the real estate investment trust’s stock worth $12,689,000 after purchasing an additional 85,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Community Healthcare Trust by 5.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 716,415 shares of the real estate investment trust’s stock worth $11,914,000 after buying an additional 35,063 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Community Healthcare Trust by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 710,586 shares of the real estate investment trust’s stock worth $11,819,000 after buying an additional 10,286 shares in the last quarter. Finally, Davis Selected Advisers grew its position in shares of Community Healthcare Trust by 10.1% during the 2nd quarter. Davis Selected Advisers now owns 332,280 shares of the real estate investment trust’s stock worth $5,526,000 after buying an additional 30,540 shares during the period. 87.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Finally, Truist Financial increased their price objective on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.50.

Community Healthcare Trust Trading Down 2.5%

NYSE CHCT opened at $17.49 on Friday. The company has a market cap of $497.80 million, a P/E ratio of -43.71 and a beta of 0.75. The company has a fifty day simple moving average of $16.62 and a 200 day simple moving average of $15.53. Community Healthcare Trust Incorporated has a 12-month low of $13.23 and a 12-month high of $20.28.

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.