Community Healthcare Trust Inc. (CHCT) CEO Purchases $255,876.56 in Stock
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace purchased 11,332 shares of the stock in a transaction dated Friday, October 7th. The shares were acquired at an average price of $22.58 per share, with a total value of $255,876.56. Following the transaction, the chief executive officer now owns 310,491 shares in the company, valued at $7,010,886.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Community Healthcare Trust Inc. (NYSE:CHCT) opened at 21.69 on Wednesday. Community Healthcare Trust Inc. has a 12 month low of $15.87 and a 12 month high of $23.70. The firm has a market cap of $261.10 million, a PE ratio of 293.11 and a beta of 1.11. The stock’s 50 day moving average is $22.25 and its 200 day moving average is $20.72.
Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.32 earnings per share 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 business earned $6.20 million during the quarter, compared to analysts’ expectations of $5.87 million. Analysts forecast that Community Healthcare Trust Inc. will post $1.39 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of CHCT. American International Group Inc. purchased a new stake in Community Healthcare Trust during the second quarter valued at $153,000. Nationwide Fund Advisors purchased a new stake in Community Healthcare Trust during the second quarter valued at $169,000. Metropolitan Life Insurance Co. NY boosted its stake in 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 purchased a new stake in Community Healthcare Trust during the second quarter valued at $240,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in Community Healthcare Trust during the second quarter valued at $280,000. 86.02% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Monday.
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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