Monitoring Community Healthcare Trust Incorporated (CHCT) after recent insider movements


Community Healthcare Trust Incorporated’s recently made public that its Director Van Horn R. Lawrence acquired Company’s shares for reported $24955.0 on Mar 10. In the deal valued at $36.43 per share,685 shares were bought. As a result of this transaction, Van Horn R. Lawrence now holds 34,193 shares worth roughly $ 1.14 million.

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Then, Cotman Cathrine bought 277 shares, generating $10,038 in total proceeds. Upon buying the shares at $36.24, the Director now owns 5,155 shares.

Before that, Gardner Alan bought 2,700 shares. Community Healthcare Trust Incorporated shares valued at $99,198 were divested by the Director at a price of $36.74 per share. As a result of the transaction, Gardner Alan now holds 48,325 shares, worth roughly $1.61 million.

Janney upgraded its Community Healthcare Trust Incorporated [CHCT] rating to a Buy from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of 24.11 to its Friday closing price.

Price Performance Review of CHCT

On Friday, Community Healthcare Trust Incorporated [NYSE:CHCT] saw its stock jump 0.60% to $33.39. On the same session, the stock had its day’s lowest price of $33.27, but rose to a high of $33.59. Over the last five days, the stock has gained 2.52%. Community Healthcare Trust Incorporated shares have fallen nearly -6.73% since the year began. Nevertheless, the stocks have fallen -9.49% over the past one year. While a 52-week high of $43.88 was reached on 02/02/23, a 52-week low of $30.38 was recorded on 06/23/23. SMA at 50 days reached $34.31, while 200 days put it at $36.07. A total of 0.11 million shares were traded, compared to the trading of 0.18 million shares in the previous session.

Levels Of Support And Resistance For CHCT Stock

The 24-hour chart illustrates a support level at 33.24, which if violated will result in even more drops to 33.10. On the upside, there is a resistance level at 33.56. A further resistance level may holdings at 33.74. The Relative Strength Index (RSI) on the 14-day chart is 46.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.56%. Stochastics %K at 67.77% indicates the stock is a holding.

How much short interest is there in Community Healthcare Trust Incorporated?

A steep rise in short interest was recorded in Community Healthcare Trust Incorporated stocks on Aug 14, 2023, dropping by 79070.0 shares to a total of 0.42 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.5 million shares. There was a decline of -19.0%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.43% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.36.

Community Healthcare Trust Incorporated [CHCT] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,999,685 shares, or roughly 15.21% of the outstanding CHCT shares. In other words, the investor’s shares have risen by 181,231 from its previous 13-F filing of 3818454.0. Additionally, The Vanguard Group, Inc. decreased -1.82% of its stake after which the total value it holdings stand at $97,827,826, while SSgA Funds Management, Inc. added 2.58% of its stake to hold $55.32 million in the firm. Over the last quarter, T. Rowe Price Investment Manageme sold -27,432 shares of Community Healthcare Trust Incorporated, while Millennium Management LLC sold 29,526 shares. At present, PGIM, Inc. is holding 717,211 shares valued at $25.27 million. Aristotle Capital Boston LLC owned 607,050 shares of the company at the time of its most recent 13F filing, worth $21.39 million.

According to FactSet, Community Healthcare Trust Incorporated’s share price will average $43.40 in the next year, based on opinions of analysts polled by the firm. This is up nearly 29.56 percent from its previous closing price of $33.19. Analysts expect Community Healthcare Trust Incorporated stock to reach the higher price of $50.00, while the lowest price estimate is $40.00. However, 5 analysts have rated CHCT stock as a Buy in their predictions for 2023.


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