Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace acquired 13,401 shares of Community Healthcare Trust stock in a transaction dated Wednesday, September 21st. The shares were acquired at an average cost of $21.97 per share, with a total value of $294,419.97. Following the completion of the acquisition, the chief executive officer now directly owns 276,821 shares in the company, valued at approximately $6,081,757.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Community Healthcare Trust Inc. (NYSE:CHCT) opened at 22.76 on Tuesday. The company’s 50 day moving average is $22.61 and its 200-day moving average is $20.47. The firm has a market cap of $273.98 million, a PE ratio of 307.57 and a beta of 1.10. Community Healthcare Trust Inc. has a 12 month low of $15.61 and a 12 month high of $23.70.
Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Community Healthcare Trust had a net margin of 3.54% and a return on equity of 0.48%. The business earned $6.20 million during the quarter, compared to analysts’ expectations of $5.87 million. Equities research analysts predict that Community Healthcare Trust Inc. will post $1.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were given a dividend of $0.3825 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 17th. This represents a $1.53 annualized dividend and a yield of 6.72%. Community Healthcare Trust’s dividend payout ratio is currently 2,185.71%.
Large investors have recently bought and sold shares of the company. Geode Capital Management LLC purchased a new stake in Community Healthcare Trust during the first quarter valued at $702,000. Goldman Sachs Group Inc. boosted its stake in Community Healthcare Trust by 16.3% in the first quarter. Goldman Sachs Group Inc. now owns 608,785 shares of the company’s stock valued at $11,256,000 after buying an additional 85,284 shares in the last quarter. Prudential Financial Inc. boosted its stake in Community Healthcare Trust by 1.3% in the first quarter. Prudential Financial Inc. now owns 858,840 shares of the company’s stock valued at $15,880,000 after buying an additional 10,662 shares in the last quarter. Foundry Partners LLC boosted its stake in Community Healthcare Trust by 5.5% in the second quarter. Foundry Partners LLC now owns 182,385 shares of the company’s stock valued at $3,856,000 after buying an additional 9,525 shares in the last quarter. Finally, Royce & Associates LP purchased a new stake in Community Healthcare Trust during the second quarter valued at $2,706,000. 86.02% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Monday, June 20th.
About Community Healthcare Trust
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.
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