Principal Financial Group Inc. decreased its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT – Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 139,961 shares of the real estate investment trust’s stock after selling 4,224 shares during the period. Principal Financial Group Inc. owned approximately 0.53% of Community Healthcare Trust worth $4,157,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of CHCT. Point72 Hong Kong Ltd bought a new stake in Community Healthcare Trust during the 2nd quarter worth $27,000. CENTRAL TRUST Co grew its position in Community Healthcare Trust by 80.0% during the 2nd quarter. CENTRAL TRUST Co now owns 900 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Community Healthcare Trust by 196.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,794 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 1,189 shares during the last quarter. Captrust Financial Advisors acquired a new position in Community Healthcare Trust during the 2nd quarter worth about $78,000. Finally, Osaic Holdings Inc. lifted its holdings in Community Healthcare Trust by 28.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,253 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 499 shares during the period. Institutional investors own 89.44% of the company’s stock.
Analysts Set New Price Targets
CHCT has been the topic of several recent research reports. Truist Financial cut their target price on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Evercore ISI downgraded Community Healthcare Trust from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $36.00 to $32.00 in a report on Thursday, November 2nd. Finally, Piper Sandler cut their target price on Community Healthcare Trust from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.50.
Community Healthcare Trust Price Performance
Shares of NYSE:CHCT opened at $25.08 on Thursday. The company has a market capitalization of $683.68 million, a price-to-earnings ratio of 114.01, a P/E/G ratio of 0.98 and a beta of 0.65. The business’s 50-day moving average is $26.51 and its 200-day moving average is $29.15. Community Healthcare Trust Incorporated has a 1 year low of $24.50 and a 1 year high of $42.56.
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 our target sub-markets throughout the United States. As of September 30, 2023, the Company had investments of approximately $1.05 billion in 191 real estate properties (including a portion of one property accounted for as a sales-type lease and one property classified as held for sale).
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