Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace purchased 11,332 shares of the stock in a transaction on Friday, October 7th. The stock was acquired at an average cost of $22.58 per share, with a total value of $255,876.56. Following the completion of the purchase, the chief executive officer now directly owns 310,491 shares of the company’s stock, valued at $7,010,886.78. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Community Healthcare Trust Inc. (NYSE:CHCT) opened at 22.58 on Tuesday. The stock has a market cap of $271.82 million, a PE ratio of 305.14 and a beta of 1.11. Community Healthcare Trust Inc. has a 52-week low of $15.87 and a 52-week high of $23.70. The firm has a 50 day moving average of $22.28 and a 200-day moving average of $20.71.
Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Thursday, August 11th. The company reported $0.32 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The company 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 Inc. will post $1.39 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th.
Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC bought a new position in Community Healthcare Trust during the first quarter valued at $702,000. Goldman Sachs Group Inc. boosted its position 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 during the last quarter. Prudential Financial Inc. boosted its position 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 during the last quarter. Foundry Partners LLC boosted its position 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 during the last quarter. Finally, Royce & Associates LP bought a new position in Community Healthcare Trust during the second quarter valued at $2,706,000. 86.02% of the stock is owned by institutional investors.
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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