Community Healthcare Trust Inc’s recent filing unveils that its Director Van Horn R. Lawrence acquired Company’s shares for reported $0.16 million on Sep 09 ’24. In the deal valued at $16.13 per share,10,000 shares were bought. As a result of this transaction, Van Horn R. Lawrence now holds 62,230 shares worth roughly $1.02 million.
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Then, Cotman Cathrine bought 2,000 shares, generating $35,440 in total proceeds. Upon buying the shares at $17.72, the Director now owns 20,861 shares.
Before that, Hensley Robert Z bought 6,500 shares. Community Healthcare Trust Inc shares valued at $126,750 were divested by the Director at a price of $19.50 per share. As a result of the transaction, Hensley Robert Z now holds 70,670 shares, worth roughly $1.16 million.
Evercore ISI upgraded its Community Healthcare Trust Inc [CHCT] rating to an In-line from a an Underperform in a research note published on September 16, 2024; the price target was decreased to $18 from $21. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early May from “an Overweight” to “a Neutral”. Evercore ISI also remained covering CHCT and has decreased its forecast on November 02, 2023 with a “an In-line” recommendation from previously “an Outperform” rating. Robert W. Baird revised its rating on September 22, 2023. It rated CHCT as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of CHCT
On Friday, Community Healthcare Trust Inc [NYSE:CHCT] saw its stock fall -2.38% to $16.42. Over the last five days, the stock has lost -5.52%. Community Healthcare Trust Inc shares have fallen nearly -38.36% since the year began. Nevertheless, the stocks have fallen -48.07% over the past one year. While a 52-week high of $32.24 was reached on 02/15/24, a 52-week low of $15.06 was recorded on 09/09/24. SMA at 50 days reached $20.31, while 200 days put it at $24.17.
Levels Of Support And Resistance For CHCT Stock
The 24-hour chart illustrates a support level at 16.24, which if violated will result in even more drops to 16.05. On the upside, there is a resistance level at 16.71. A further resistance level may holdings at 17.00. The Relative Strength Index (RSI) on the 14-day chart is 34.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.69%. Stochastics %K at 47.57% indicates the stock is a holding.
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 2024-08-30, growing by 0.17 million shares to a total of 0.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.57 million shares. There was a rise of 22.57%, which implies that there is a positive sentiment for the stock.