Geode Capital Management LLC boosted its holdings in Community Healthcare Trust Inc (NYSE:CHCT) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 193,745 shares of the real estate investment trust’s stock after acquiring an additional 10,370 shares during the quarter. Geode Capital Management LLC owned 1.05% of Community Healthcare Trust worth $5,585,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Synovus Financial Corp bought a new position in Community Healthcare Trust in the 4th quarter valued at about $29,000. Advisor Group Inc. bought a new position in Community Healthcare Trust in the 4th quarter valued at about $31,000. LS Investment Advisors LLC lifted its position in Community Healthcare Trust by 205.1% in the 4th quarter. LS Investment Advisors LLC now owns 1,739 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 1,169 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Community Healthcare Trust by 40.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,348 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 672 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in Community Healthcare Trust in the 4th quarter valued at about $193,000. 84.72% of the stock is currently owned by institutional investors and hedge funds.
In other Community Healthcare Trust news, CAO Leigh Ann Stach sold 7,500 shares of Community Healthcare Trust stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $33.59, for a total transaction of $251,925.00. Following the transaction, the chief accounting officer now owns 127,009 shares of the company’s stock, valued at approximately $4,266,232.31. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.70% of the stock is owned by company insiders.
Community Healthcare Trust stock opened at $35.78 on Friday. Community Healthcare Trust Inc has a 52 week low of $24.54 and a 52 week high of $37.14. The company has a market cap of $673.27 million, a price-to-earnings ratio of 22.50 and a beta of 0.96.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Robert W. Baird initiated coverage on shares of Community Healthcare Trust in a research report on Tuesday, April 9th. They set an “outperform” rating and a $35.05 target price on the stock. Finally, ValuEngine cut shares of Community Healthcare Trust from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.21.
Community Healthcare Trust 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 $444.9 million in 103 real estate properties as of December 31, 2018, located in 29 states, totaling approximately 2.2 million square feet.
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