Peregrine Capital Management LLC Grows Position in Community Healthcare Trust Inc (NYSE:CHCT)

Share on StockTwits

Peregrine Capital Management LLC boosted its holdings in Community Healthcare Trust Inc (NYSE:CHCT) by 12.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 127,192 shares of the real estate investment trust’s stock after acquiring an additional 14,451 shares during the quarter. Peregrine Capital Management LLC’s holdings in Community Healthcare Trust were worth $5,202,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its position in shares of Community Healthcare Trust by 36.0% in the first quarter. BNP Paribas Arbitrage SA now owns 7,619 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 2,018 shares in the last quarter. Legal & General Group Plc increased its position in shares of Community Healthcare Trust by 5.9% in the first quarter. Legal & General Group Plc now owns 57,500 shares of the real estate investment trust’s stock valued at $2,201,000 after buying an additional 3,224 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Community Healthcare Trust by 59.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,232 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 3,802 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Community Healthcare Trust by 12.9% in the first quarter. Thrivent Financial for Lutherans now owns 17,045 shares of the real estate investment trust’s stock valued at $652,000 after buying an additional 1,942 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Community Healthcare Trust by 6.5% in the first quarter. Rhumbline Advisers now owns 67,818 shares of the real estate investment trust’s stock valued at $2,596,000 after buying an additional 4,124 shares in the last quarter. Hedge funds and other institutional investors own 86.85% of the company’s stock.

Community Healthcare Trust stock opened at $45.73 on Friday. The stock has a 50-day moving average price of $42.06 and a 200 day moving average price of $40.73. Community Healthcare Trust Inc has a 52 week low of $20.12 and a 52 week high of $52.33. The stock has a market cap of $1.01 billion, a PE ratio of 95.27 and a beta of 0.61.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. Community Healthcare Trust had a return on equity of 3.39% and a net margin of 16.87%. The firm had revenue of $17.94 million for the quarter, compared to analyst estimates of $17.52 million. Equities research analysts predict that Community Healthcare Trust Inc will post 1.97 EPS for the current fiscal year.

In other Community Healthcare Trust news, Director Robert Z. Hensley purchased 2,630 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of $38.70 per share, with a total value of $101,781.00. 5.80% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on CHCT shares. Piper Sandler raised their price target on Community Healthcare Trust from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. SunTrust Banks dropped their price objective on Community Healthcare Trust from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Zacks Investment Research upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, B. Riley cut Community Healthcare Trust from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.14.

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.

Read More: What is a dead cat bounce?

Want to see what other hedge funds are holding CHCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Healthcare Trust Inc (NYSE:CHCT).

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

Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.

 

Latest News

Different Types of Research Papers
Different Types of Research Papers
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing


 
© 2006-2020 BBNS.