Community Healthcare Trust Inc (CHCT) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of Community Healthcare Trust Inc (NYSE:CHCT) by 79.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 182,880 shares of the real estate investment trust’s stock after purchasing an additional 81,246 shares during the period. Bank of New York Mellon Corp owned about 1.02% of Community Healthcare Trust worth $4,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prudential Financial Inc. raised its position in Community Healthcare Trust by 33.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,582,381 shares of the real estate investment trust’s stock valued at $42,661,000 after purchasing an additional 397,515 shares in the last quarter. Royal Bank of Canada raised its position in Community Healthcare Trust by 2.9% during the 2nd quarter. Royal Bank of Canada now owns 647,412 shares of the real estate investment trust’s stock valued at $16,567,000 after purchasing an additional 18,152 shares in the last quarter. FMR LLC raised its position in Community Healthcare Trust by 2.8% during the 2nd quarter. FMR LLC now owns 632,864 shares of the real estate investment trust’s stock valued at $16,195,000 after purchasing an additional 17,028 shares in the last quarter. Vanguard Group Inc. raised its position in Community Healthcare Trust by 11.6% during the 2nd quarter. Vanguard Group Inc. now owns 622,120 shares of the real estate investment trust’s stock valued at $15,920,000 after purchasing an additional 64,533 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Community Healthcare Trust by 24.6% during the 3rd quarter. American Century Companies Inc. now owns 468,816 shares of the real estate investment trust’s stock valued at $12,639,000 after purchasing an additional 92,656 shares in the last quarter. 85.49% of the stock is owned by institutional investors and hedge funds.

CHCT has been the topic of a number of analyst reports. B. Riley set a $29.00 price target on Community Healthcare Trust and gave the company a “neutral” rating in a report on Monday, December 18th. BidaskClub downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.75.

Community Healthcare Trust Inc (CHCT) opened at $28.10 on Tuesday. The firm has a market capitalization of $508.21, a price-to-earnings ratio of 133.82 and a beta of 0.99. Community Healthcare Trust Inc has a one year low of $21.33 and a one year high of $30.64.

In other news, CEO Timothy G. Wallace purchased 4,949 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were acquired at an average price of $27.60 per share, for a total transaction of $136,592.40. Following the purchase, the chief executive officer now owns 463,222 shares in the company, valued at $12,784,927.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Timothy G. Wallace purchased 10,099 shares of the company’s stock in a transaction on Monday, December 11th. The shares were purchased at an average price of $26.93 per share, for a total transaction of $271,966.07. Following the purchase, the chief executive officer now owns 448,206 shares in the company, valued at approximately $12,070,187.58. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 25,064 shares of company stock worth $677,488. Company insiders own 5.50% of the company’s stock.

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About Community Healthcare Trust

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.

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

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