Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace bought 12,170 shares of Community Healthcare Trust stock in a transaction on Monday, September 19th. The shares were purchased at an average cost of $21.66 per share, with a total value of $263,602.20. Following the completion of the purchase, the chief executive officer now directly owns 250,332 shares in the company, valued at $5,422,191.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Community Healthcare Trust Inc. (NYSE:CHCT) opened at 22.36 on Thursday. The stock has a 50 day moving average of $22.64 and a 200-day moving average of $20.37. The firm has a market capitalization of $269.17 million, a price-to-earnings ratio of 302.16 and a beta of 1.10. Community Healthcare Trust Inc. has a 52 week low of $15.61 and a 52 week high of $23.70.
Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. Community Healthcare Trust had a net margin of 3.54% and a return on equity of 0.48%. The firm earned $6.20 million during the quarter, compared to the consensus estimate of $5.87 million. Analysts expect that Community Healthcare Trust Inc. will post $1.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were issued a $0.3825 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.38. This represents a $1.53 dividend on an annualized basis and a yield of 6.84%. Community Healthcare Trust’s dividend payout ratio is 2,185.71%.
Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Community Healthcare Trust by 4.3% in the second quarter. PNC Financial Services Group Inc. now owns 19,400 shares of the company’s stock worth $410,000 after buying an additional 800 shares during the period. American International Group Inc. acquired a new position in shares of Community Healthcare Trust during the second quarter worth about $153,000. Nationwide Fund Advisors acquired a new position in shares of Community Healthcare Trust during the second quarter worth about $169,000. Foundry Partners LLC boosted its position in shares of Community Healthcare Trust by 5.5% in the second quarter. Foundry Partners LLC now owns 182,385 shares of the company’s stock worth $3,856,000 after buying an additional 9,525 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Community Healthcare Trust by 2,687.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,647 shares of the company’s stock worth $225,000 after buying an additional 10,265 shares in the last quarter. 86.49% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th.
Community Healthcare Trust Company Profile
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. The Company holds interests in approximately 40 real estate properties and mortgage notes, located in over 20 states, totaling approximately 789,500 square feet.
Receive News & Ratings for Community Healthcare Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.