Manning & Napier Group LLC lowered its holdings in Community Healthcare Trust Inc (NYSE:CHCT) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,880 shares of the real estate investment trust’s stock after selling 25,060 shares during the quarter. Manning & Napier Group LLC owned 0.91% of Community Healthcare Trust worth $5,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue grew its holdings in shares of Community Healthcare Trust by 102.0% in the third quarter. State of Alaska Department of Revenue now owns 11,332 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 5,722 shares during the period. National Investment Services Inc. WI bought a new stake in shares of Community Healthcare Trust in the third quarter worth $220,000. United Services Automobile Association bought a new stake in shares of Community Healthcare Trust in the second quarter worth $219,000. Northern Trust Corp grew its holdings in shares of Community Healthcare Trust by 1.0% in the second quarter. Northern Trust Corp now owns 221,579 shares of the real estate investment trust’s stock worth $6,619,000 after acquiring an additional 2,281 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of Community Healthcare Trust by 58.4% in the second quarter. Advisors Asset Management Inc. now owns 76,139 shares of the real estate investment trust’s stock worth $2,274,000 after acquiring an additional 28,086 shares during the period. Hedge funds and other institutional investors own 90.90% of the company’s stock.

NYSE:CHCT opened at $27.96 on Friday. Community Healthcare Trust Inc has a 52-week low of $22.41 and a 52-week high of $32.81. The stock has a market cap of $563.84 million, a price-to-earnings ratio of 19.83 and a beta of 0.80.

Several brokerages recently commented on CHCT. Zacks Investment Research lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday. SunTrust Banks reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Community Healthcare Trust in a report on Thursday, August 9th. ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. Finally, B. Riley lifted their price objective on Community Healthcare Trust from $28.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, August 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.50.

Community Healthcare Trust Profile

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $413.3 million in 89 real estate properties, including one mortgage note, as of March 31, 2018, located in 27 states, totaling approximately 2.0 million square feet.

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

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