Community Healthcare Trust Inc. (NYSE:CHCT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

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. “

Shares of Community Healthcare Trust (NYSE:CHCT) opened at 22.36 on Tuesday. The company has a market capitalization of $269.17 million, a PE ratio of 302.16 and a beta of 1.10. The firm’s 50-day moving average price is $22.64 and its 200 day moving average price is $20.37. Community Healthcare Trust has a 1-year low of $15.61 and a 1-year high of $23.70.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Thursday, August 11th. The company reported $0.32 EPS 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 firm had revenue of $6.20 million for the quarter, compared to analysts’ expectations of $5.87 million. Equities analysts predict that Community Healthcare Trust will post $1.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were paid a dividend of $0.3825 per share. The ex-dividend date was Wednesday, August 17th. This represents a $1.53 annualized dividend and a dividend yield of 6.84%. This is a positive change 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 related news, CEO Timothy G. Wallace purchased 12,170 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was bought at an average price of $21.66 per share, for a total transaction of $263,602.20. Following the purchase, the chief executive officer now directly owns 250,332 shares in the company, valued at approximately $5,422,191.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy G. Wallace purchased 13,088 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were bought at an average price of $21.66 per share, with a total value of $283,486.08. Following the purchase, 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. Insiders own 5.10% of the company’s stock.

Several large investors have recently modified their holdings of CHCT. Prudential Financial Inc. raised its position in Community Healthcare Trust by 21.1% in the second quarter. Prudential Financial Inc. now owns 1,039,763 shares of the company’s stock worth $21,981,000 after buying an additional 180,923 shares in the last quarter. Systematic Financial Management LP raised its position in Community Healthcare Trust by 83.5% in the second quarter. Systematic Financial Management LP now owns 752,950 shares of the company’s stock worth $15,917,000 after buying an additional 342,653 shares in the last quarter. Royal Bank of Canada raised its position in Community Healthcare Trust by 144.9% in the second quarter. Royal Bank of Canada now owns 706,860 shares of the company’s stock worth $14,943,000 after buying an additional 418,185 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in Community Healthcare Trust during the second quarter worth $13,796,000. Finally, Goldman Sachs Group Inc. raised 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 worth $11,256,000 after buying an additional 85,284 shares in the last quarter. Institutional investors own 86.49% 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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