Insider Buying: Community Healthcare Trust Inc. (CHCT) CEO Purchases $245,898.56 in Stock
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace bought 11,218 shares of the stock in a transaction that occurred on Thursday, October 6th. The stock was bought at an average price of $21.92 per share, with a total value of $245,898.56. Following the completion of the purchase, the chief executive officer now directly owns 299,159 shares in the company, valued at $6,557,565.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Community Healthcare Trust Inc. (NYSE:CHCT) opened at 22.58 on Tuesday. Community Healthcare Trust Inc. has a 52 week low of $15.87 and a 52 week high of $23.70. The firm has a market capitalization of $271.82 million, a PE ratio of 305.14 and a beta of 1.11. The firm’s 50-day moving average is $22.28 and its 200 day moving average is $20.71.
Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The business had revenue of $6.20 million for 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%. On average, equities analysts forecast that Community Healthcare Trust Inc. will post $1.39 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, June 20th.
Several hedge funds have recently modified their holdings of CHCT. American International Group Inc. acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at about $153,000. Nationwide Fund Advisors acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at about $169,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Community Healthcare Trust by 2,687.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,647 shares of the company’s stock valued at $225,000 after buying an additional 10,265 shares in the last quarter. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at about $240,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Community Healthcare Trust during the second quarter valued at about $280,000. 86.02% of the stock is currently owned by institutional investors and hedge funds.
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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