Inspire Investing LLC Sells 1,631 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Inspire Investing LLC cut its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,068 shares of the real estate investment trust’s stock after selling 1,631 shares during the quarter. Inspire Investing LLC owned approximately 0.07% of Community Healthcare Trust worth $405,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CHCT. American Century Companies Inc. lifted its holdings in shares of Community Healthcare Trust by 5.5% during the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 552 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Community Healthcare Trust by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 372,488 shares of the real estate investment trust’s stock worth $8,712,000 after purchasing an additional 6,836 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Community Healthcare Trust by 15.1% in the 2nd quarter. Hsbc Holdings PLC now owns 20,320 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 2,673 shares during the period. Intech Investment Management LLC acquired a new position in shares of Community Healthcare Trust during the 2nd quarter worth approximately $267,000. Finally, Public Sector Pension Investment Board increased its holdings in shares of Community Healthcare Trust by 8.4% during the second quarter. Public Sector Pension Investment Board now owns 53,842 shares of the real estate investment trust’s stock worth $1,259,000 after purchasing an additional 4,160 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CHCT shares. Piper Sandler increased their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Truist Financial upped their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Stock Performance

Community Healthcare Trust stock opened at $20.14 on Friday. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $28.10. The stock has a market capitalization of $568.61 million, a P/E ratio of -223.72, a price-to-earnings-growth ratio of 1.32 and a beta of 0.68. The stock has a fifty day moving average of $18.82 and a 200-day moving average of $19.12.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.39). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The business had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. During the same period in the previous year, the firm posted $0.63 EPS. On average, research analysts forecast that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.