ProShare Advisors LLC Buys 35,276 Shares of Community Healthcare Trust Incorporated $CHCT

ProShare Advisors LLC raised its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 9.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,713 shares of the real estate investment trust’s stock after buying an additional 35,276 shares during the period. ProShare Advisors LLC owned 1.41% of Community Healthcare Trust worth $6,146,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CHCT. Versant Capital Management Inc lifted its stake in shares of Community Healthcare Trust by 111.9% in the 3rd quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,129 shares during the last quarter. SG Americas Securities LLC acquired a new position in Community Healthcare Trust in the 3rd quarter worth about $106,000. Quantbot Technologies LP bought a new position in Community Healthcare Trust in the second quarter valued at about $114,000. Resona Asset Management Co. Ltd. boosted its stake in shares of Community Healthcare Trust by 11.3% during the third quarter. Resona Asset Management Co. Ltd. now owns 11,112 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Arrow Investment Advisors LLC grew its holdings in shares of Community Healthcare Trust by 16.9% during the third quarter. Arrow Investment Advisors LLC now owns 11,837 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 1,714 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on CHCT shares. Truist Financial raised their price objective on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.50.

Community Healthcare Trust Price Performance

Shares of CHCT stock opened at $17.49 on Friday. The business’s 50 day simple moving average is $16.62 and its 200 day simple moving average is $15.53. Community Healthcare Trust Incorporated has a one year low of $13.23 and a one year high of $20.28. The stock has a market capitalization of $497.80 million, a PE ratio of -43.71 and a beta of 0.75.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.