Janney Montgomery Scott LLC Decreases Stock Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Janney Montgomery Scott LLC lowered its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,425 shares of the real estate investment trust’s stock after selling 3,773 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.16% of Community Healthcare Trust worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Daiwa Securities Group Inc. increased its stake in Community Healthcare Trust by 11.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 840 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Community Healthcare Trust by 6.8% during the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 618 shares during the period. Woodmont Investment Counsel LLC purchased a new stake in Community Healthcare Trust in the third quarter worth $182,000. Point72 Asset Management L.P. bought a new stake in Community Healthcare Trust during the 3rd quarter valued at about $198,000. Finally, Point72 DIFC Ltd bought a new position in Community Healthcare Trust in the third quarter worth approximately $201,000. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

CHCT opened at $20.00 on Friday. Community Healthcare Trust Incorporated has a 1 year low of $15.06 and a 1 year high of $28.10. The firm has a fifty day moving average price of $19.07 and a 200 day moving average price of $18.82. The stock has a market cap of $564.80 million, a P/E ratio of -222.22, a P/E/G ratio of 1.34 and a beta of 0.69.

Analyst Upgrades and Downgrades

CHCT has been the topic of a number of recent research reports. Piper Sandler increased their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. StockNews.com lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Finally, Truist Financial boosted their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.25.

Community Healthcare Trust Company Profile

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.