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Community Healthcare Trust Inc (CHCT) receives a Neutral rating from Piper Sandler

Community Healthcare Trust Inc’s recently made public that its CEO and President Dupuy David H. acquired Company’s shares for reported $0.19 million on Aug 05 ’24. In the deal valued at $19.48 per share,10,000 shares were bought. As a result of this transaction, Dupuy David H. now holds 363,565 shares worth roughly $6.64 million.

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Then, Hensley Robert Z bought 6,500 shares, generating $126,750 in total proceeds. Upon buying the shares at $19.50, the Director now owns 70,670 shares.

Before that, Van Horn R. Lawrence bought 2,500 shares. Community Healthcare Trust Inc shares valued at $48,550 were divested by the Director at a price of $19.42 per share. As a result of the transaction, Van Horn R. Lawrence now holds 52,230 shares, worth roughly $0.95 million.

Piper Sandler downgraded its Community Healthcare Trust Inc [CHCT] rating to a Neutral from a an Overweight in a research note published on May 01, 2024; the price target was decreased to $26 from $36. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “an In-line”. Robert W. Baird also remained covering CHCT and has decreased its forecast on September 22, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Janney revised its rating on January 13, 2023. It rated CHCT as “a Buy” which previously was an “a Neutral”.

Price Performance Review of CHCT

On Tuesday, Community Healthcare Trust Inc [NYSE:CHCT] saw its stock jump 2.01% to $18.26. Over the last five days, the stock has lost -4.20%. Community Healthcare Trust Inc shares have fallen nearly -31.46% since the year began. Nevertheless, the stocks have fallen -47.00% over the past one year. While a 52-week high of $34.25 was reached on 02/15/24, a 52-week low of $17.84 was recorded on 08/13/24. SMA at 50 days reached $23.28, while 200 days put it at $25.43.

Levels Of Support And Resistance For CHCT Stock

The 24-hour chart illustrates a support level at 17.84, which if violated will result in even more drops to 17.42. On the upside, there is a resistance level at 18.48. A further resistance level may holdings at 18.71. The Relative Strength Index (RSI) on the 14-day chart is 26.24, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.79%. Stochastics%K at 2.79% indicates the stock is a buying.

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

A steep rise in short interest was recorded in Community Healthcare Trust Inc stocks on , growing by 53663.0 shares to a total of 0.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.51 million shares. There was a rise of 9.44%, which implies that there is a positive sentiment for the stock.

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