Insider Buying: Community Healthcare Trust Inc. (CHCT) CEO Acquires $238,412.80 in Stock
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace purchased 11,120 shares of the stock in a transaction on Wednesday, October 5th. The shares were purchased at an average price of $21.44 per share, with a total value of $238,412.80. Following the acquisition, the chief executive officer now owns 287,941 shares in the company, valued at approximately $6,173,455.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Community Healthcare Trust Inc. (NYSE:CHCT) opened at 22.67 on Monday. The company has a market cap of $272.90 million, a price-to-earnings ratio of 306.35 and a beta of 1.11. The firm’s 50-day moving average is $22.30 and its 200 day moving average is $20.66. Community Healthcare Trust Inc. has a 12-month low of $15.87 and a 12-month high of $23.70.
Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data 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 return on equity of 0.48% and a net margin of 3.54%. The company earned $6.20 million during the quarter, compared to analyst estimates of $5.87 million. On average, equities analysts expect that Community Healthcare Trust Inc. will post $1.39 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Mendon Capital Advisors Corp acquired a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $8,422,000. RMB Capital Management LLC acquired a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $1,050,000. State of New Jersey Common Pension Fund D raised its position in shares of Community Healthcare Trust by 50.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 282,500 shares of the company’s stock valued at $5,972,000 after buying an additional 95,000 shares during the last quarter. California State Teachers Retirement System acquired a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $559,000. Finally, Bank of New York Mellon Corp raised its position in shares of Community Healthcare Trust by 125.8% in the second quarter. Bank of New York Mellon Corp now owns 63,366 shares of the company’s stock valued at $1,339,000 after buying an additional 35,299 shares during the last quarter. 86.02% of the stock is owned by institutional investors.
Separately, Zacks Investment Research upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th.
Community Healthcare Trust Company Profile
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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