Short Interest in Community Healthcare Trust Inc (NYSE:CHCT) Drops By 7.5%
Community Healthcare Trust Inc (NYSE:CHCT) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 350,400 shares, a decrease of 7.5% from the December 15th total of 379,000 shares. Based on an average daily volume of 130,700 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.9% of the company’s stock are short sold.
In other news, COO W. Page Barnes sold 5,263 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 190,463 shares of the company’s stock, valued at $8,761,298. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund grew its stake in Community Healthcare Trust by 2.1% in the 3rd quarter. Texas Permanent School Fund now owns 12,417 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 255 shares during the period. Metropolitan Life Insurance Co NY grew its stake in Community Healthcare Trust by 4.8% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,837 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 314 shares during the period. Comerica Bank grew its stake in Community Healthcare Trust by 1.9% in the 3rd quarter. Comerica Bank now owns 17,299 shares of the real estate investment trust’s stock valued at $803,000 after purchasing an additional 325 shares during the period. Coastal Investment Advisors Inc. grew its stake in Community Healthcare Trust by 52.9% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 2,289 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 792 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Community Healthcare Trust by 7.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,170 shares of the real estate investment trust’s stock valued at $542,000 after purchasing an additional 863 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.
Community Healthcare Trust (NYSE:CHCT) last announced 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 Thomson Reuters’ consensus estimate of $0.44 by ($0.32). Community Healthcare Trust had a return on equity of 1.53% and a net margin of 7.61%. The company had revenue of $16.26 million for the quarter, compared to the consensus estimate of $15.54 million. Equities analysts expect that Community Healthcare Trust will post 1.66 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, January 7th. Evercore ISI reaffirmed a “hold” rating on shares of Community Healthcare Trust in a research report on Monday, November 11th. SunTrust Banks reaffirmed a “positive” rating and set a $50.00 target price on shares of Community Healthcare Trust in a research report on Tuesday, December 3rd. Finally, Sandler O’Neill upgraded Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $43.84.
About Community Healthcare Trust
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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