Community Healthcare Trust Inc. (NYSE:CHCT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “
Community Healthcare Trust (NYSE:CHCT) traded up 0.32% during midday trading on Friday, reaching $21.92. 50,192 shares of the company’s stock were exchanged. Community Healthcare Trust has a 1-year low of $15.87 and a 1-year high of $23.70. The firm’s 50-day moving average is $22.49 and its 200 day moving average is $20.52. The stock has a market cap of $263.87 million, a P/E ratio of 296.22 and a beta of 1.10.
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, meeting the consensus estimate of $0.32. The firm earned $6.20 million during the quarter, compared to analysts’ expectations of $5.87 million. Community Healthcare Trust had a net margin of 3.54% and a return on equity of 0.48%. Equities analysts anticipate that Community Healthcare Trust will post $1.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were given a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 6.98%. The ex-dividend date was Wednesday, August 17th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.38. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 2,185.71%.
In other Community Healthcare Trust news, CEO Timothy G. Wallace purchased 19,522 shares of the stock in a transaction dated Friday, September 16th. The stock was bought at an average price of $21.30 per share, for a total transaction of $415,818.60. Following the transaction, the chief executive officer now directly owns 228,256 shares in the company, valued at $4,861,852.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy G. Wallace purchased 13,088 shares of the stock in a transaction dated Tuesday, September 20th. The shares were acquired at an average price of $21.66 per share, with a total value of $283,486.08. Following the transaction, the chief executive officer now owns 263,420 shares in the company, valued at $5,705,677.20. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Westfield Capital Management Co. LP acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at approximately $13,796,000. Nuveen Asset Management LLC acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at approximately $11,038,000. Royal Bank of Canada boosted its stake in shares of Community Healthcare Trust by 144.9% in the second quarter. Royal Bank of Canada now owns 706,860 shares of the company’s stock valued at $14,943,000 after buying an additional 418,185 shares in the last quarter. Mendon Capital Advisors Corp acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at approximately $8,422,000. Finally, Systematic Financial Management LP boosted its stake in shares of Community Healthcare Trust by 83.5% in the second quarter. Systematic Financial Management LP now owns 752,950 shares of the company’s stock valued at $15,917,000 after buying an additional 342,653 shares in the last quarter. Institutional investors own 86.02% of the company’s stock.
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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