Metropolitan Life Insurance Co. NY Has $201,000 Position in Community Healthcare Trust Inc (CHCT)

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Metropolitan Life Insurance Co. NY increased its stake in shares of Community Healthcare Trust Inc (NYSE:CHCT) by 168.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,982 shares of the real estate investment trust’s stock after purchasing an additional 4,385 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Community Healthcare Trust were worth $201,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Community Healthcare Trust by 2.1% during the fourth quarter. BlackRock Inc. now owns 2,853,004 shares of the real estate investment trust’s stock worth $82,252,000 after acquiring an additional 58,081 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Community Healthcare Trust by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 343,702 shares of the real estate investment trust’s stock worth $9,908,000 after acquiring an additional 6,038 shares in the last quarter. Northern Trust Corp lifted its holdings in Community Healthcare Trust by 3.6% during the fourth quarter. Northern Trust Corp now owns 253,343 shares of the real estate investment trust’s stock worth $7,303,000 after acquiring an additional 8,809 shares in the last quarter. Manning & Napier Group LLC lifted its holdings in Community Healthcare Trust by 28.9% during the fourth quarter. Manning & Napier Group LLC now owns 212,525 shares of the real estate investment trust’s stock worth $6,126,000 after acquiring an additional 47,645 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Community Healthcare Trust by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 193,745 shares of the real estate investment trust’s stock worth $5,585,000 after acquiring an additional 10,370 shares in the last quarter. 84.72% of the stock is owned by institutional investors and hedge funds.

In other news, CAO Leigh Ann Stach sold 7,500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $33.59, for a total value of $251,925.00. Following the sale, the chief accounting officer now directly owns 127,009 shares in the company, valued at $4,266,232.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.70% of the company’s stock.

CHCT has been the topic of a number of research reports. ValuEngine lowered Community Healthcare Trust from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Zacks Investment Research upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Sandler O’Neill lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. DA Davidson initiated coverage on Community Healthcare Trust in a report on Thursday, March 28th. They issued a “neutral” rating and a $38.00 price target on the stock. Finally, Robert W. Baird initiated coverage on Community Healthcare Trust in a report on Tuesday, April 9th. They issued an “outperform” rating and a $35.05 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $34.21.

Shares of Community Healthcare Trust stock opened at $35.74 on Tuesday. The stock has a market capitalization of $675.52 million, a PE ratio of 22.48 and a beta of 0.96. Community Healthcare Trust Inc has a one year low of $24.54 and a one year high of $37.14.

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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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Institutional Ownership by Quarter for Community Healthcare Trust (NYSE:CHCT)

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