Community Healthcare Trust Inc (NYSE:CHCT) was the recipient of a significant decrease in short interest in November. As of November 29th, there was short interest totalling 460,000 shares, a decrease of 33.0% from the November 14th total of 686,400 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 117,000 shares, the days-to-cover ratio is presently 3.9 days.

Shares of CHCT stock traded down $0.27 during trading hours on Friday, hitting $44.69. 139,058 shares of the company’s stock were exchanged, compared to its average volume of 120,354. The stock’s 50-day moving average is $46.61 and its 200-day moving average is $42.95. The stock has a market cap of $931.60 million, a price-to-earnings ratio of 28.11 and a beta of 0.70. Community Healthcare Trust has a 52 week low of $27.54 and a 52 week high of $49.17.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $16.26 million during the quarter, compared to the consensus estimate of $15.54 million. Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.53%. As a group, research analysts expect that Community Healthcare Trust will post 1.66 earnings per share for the current year.

The company also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.415 dividend. The ex-dividend date was Thursday, November 14th. Community Healthcare Trust’s dividend payout ratio is 104.40%.

Several analysts have recently commented on the company. Zacks Investment Research cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Sandler O’Neill upgraded Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Monday, November 18th. SunTrust Banks restated a “positive” rating and set a $50.00 target price on shares of Community Healthcare Trust in a report on Tuesday, December 3rd. ValuEngine cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Evercore ISI restated a “hold” rating on shares of Community Healthcare Trust in a report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $44.51.

In other Community Healthcare Trust news, COO W. Page Barnes sold 5,263 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $46.00, for a total transaction of $242,098.00. Following the completion of the transaction, the chief operating officer now directly owns 190,463 shares in the company, valued at $8,761,298. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Texas Permanent School Fund boosted its holdings in Community Healthcare Trust by 2.1% in the third quarter. Texas Permanent School Fund now owns 12,417 shares of the real estate investment trust’s stock valued at $553,000 after acquiring an additional 255 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its holdings in Community Healthcare Trust by 4.8% during the third quarter. Metropolitan Life Insurance Co NY now owns 6,837 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 314 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Community Healthcare Trust by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 8,272 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 325 shares during the last quarter. Comerica Bank boosted its holdings in Community Healthcare Trust by 1.9% during the third quarter. Comerica Bank now owns 17,299 shares of the real estate investment trust’s stock worth $803,000 after buying an additional 325 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Community Healthcare Trust by 1.3% during the second quarter. Arizona State Retirement System now owns 27,798 shares of the real estate investment trust’s stock worth $1,096,000 after buying an additional 365 shares during the last quarter. Institutional investors and hedge funds own 90.47% 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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