Insider Buying: Community Healthcare Trust Inc. (CHCT) CEO Buys $263,602.20 in Stock
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace acquired 12,170 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was bought at an average price of $21.66 per share, with a total value of $263,602.20. Following the completion of the acquisition, the chief executive officer now directly owns 250,332 shares in the company, valued at approximately $5,422,191.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Community Healthcare Trust Inc. (NYSE:CHCT) opened at 23.01 on Friday. The company has a market capitalization of $276.99 million, a price-to-earnings ratio of 310.95 and a beta of 1.10. The firm has a 50-day moving average of $22.64 and a 200 day moving average of $20.39. Community Healthcare Trust Inc. has a one year low of $15.61 and a one year high of $23.70.
Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Community Healthcare Trust had a net margin of 3.54% and a return on equity of 0.48%. The company had revenue of $6.20 million for the quarter, compared to analysts’ expectations of $5.87 million. Equities research analysts predict that Community Healthcare Trust Inc. will post $1.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were given a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 6.65%. 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 payout ratio is currently 2,185.71%.
Separately, Zacks Investment Research upgraded shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Monday, June 20th.
A number of large investors have recently made changes to their positions in CHCT. Geode Capital Management LLC purchased a new position in Community Healthcare Trust during the first quarter valued at approximately $702,000. 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 valued at $11,256,000 after buying an additional 85,284 shares during the last quarter. Prudential Financial Inc. raised 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 raised 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, Strs Ohio raised its position in Community Healthcare Trust by 134.7% in the second quarter. Strs Ohio now owns 22,757 shares of the company’s stock valued at $481,000 after buying an additional 13,062 shares during 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.
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.