Zacks Investment Research upgraded shares of Community Healthcare Trust Inc. (NYSE:CHCT) from a sell rating to a hold rating in a report 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. “

Shares of Community Healthcare Trust (NYSE:CHCT) traded down 1.64% on Monday, hitting $22.21. 3,323 shares of the stock traded hands. The company has a market cap of $267.36 million, a PE ratio of 300.14 and a beta of 1.11. The stock has a 50 day moving average of $22.28 and a 200 day moving average of $20.71. Community Healthcare Trust has a one year low of $15.87 and a one year high of $23.70.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Community Healthcare Trust had a net margin of 3.54% and a return on equity of 0.48%. The business earned $6.20 million during the quarter, compared to analyst estimates of $5.87 million. Equities analysts anticipate that Community Healthcare Trust will post $1.39 earnings per share for the current year.

In other Community Healthcare Trust news, CEO Timothy G. Wallace acquired 19,522 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were acquired at an average cost of $21.30 per share, with a total value of $415,818.60. Following the acquisition, the chief executive officer now directly owns 228,256 shares of the company’s stock, valued at $4,861,852.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Timothy G. Wallace acquired 11,332 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was acquired at an average cost of $22.58 per share, for a total transaction of $255,876.56. Following the completion of the acquisition, the chief executive officer now directly owns 310,491 shares in the company, valued at $7,010,886.78. The disclosure for this purchase can be found here. Company insiders own 5.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its stake in Community Healthcare Trust by 1.3% in the first quarter. Prudential Financial Inc. now owns 858,840 shares of the company’s stock valued at $15,880,000 after buying an additional 10,662 shares during the period. Goldman Sachs Group Inc. increased its stake in Community Healthcare Trust by 16.3% in the first quarter. Goldman Sachs Group Inc. now owns 608,785 shares of the company’s stock valued at $11,256,000 after buying an additional 85,284 shares during the period. Geode Capital Management LLC acquired a new stake in Community Healthcare Trust during the first quarter valued at approximately $702,000. Renaissance Technologies LLC increased its stake in Community Healthcare Trust by 82.4% in the first quarter. Renaissance Technologies LLC now owns 94,000 shares of the company’s stock valued at $1,738,000 after buying an additional 42,470 shares during the period. Finally, Foundry Partners LLC increased its stake in Community Healthcare Trust by 5.5% in the second quarter. Foundry Partners LLC now owns 182,385 shares of the company’s stock valued at $3,856,000 after buying an additional 9,525 shares during the period. 86.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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