Robert Hensley Purchases 8,000 Shares of Community Healthcare Trust (NYSE:CHCT) Stock

Community Healthcare Trust Incorporated (NYSE:CHCT) Director Robert Hensley purchased 8,000 shares of Community Healthcare Trust stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $15.21 per share, for a total transaction of $121,680.00. Following the transaction, the director directly owned 103,702 shares of the company’s stock, valued at $1,577,307.42. This represents a 8.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT opened at $15.16 on Friday. The business has a fifty day moving average price of $17.73 and a two-hundred day moving average price of $17.27. The stock has a market capitalization of $434.31 million, a PE ratio of 22.63 and a beta of 0.71. Community Healthcare Trust Incorporated has a fifty-two week low of $13.23 and a fifty-two week high of $19.17.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. On average, equities analysts expect that Community Healthcare Trust Incorporated will post 1.87 EPS for the current year.

Community Healthcare Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio is presently 286.57%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CHCT. BlackRock Inc. acquired a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at approximately $48,221,000. Ameriprise Financial Inc. increased its position in Community Healthcare Trust by 667.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock worth $5,809,000 after purchasing an additional 330,203 shares in the last quarter. Kennedy Capital Management LLC increased its position in Community Healthcare Trust by 66.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock worth $12,339,000 after purchasing an additional 320,546 shares in the last quarter. Invesco Ltd. lifted its stake in Community Healthcare Trust by 38.9% in the 3rd quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock valued at $16,221,000 after purchasing an additional 297,179 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Community Healthcare Trust in the 2nd quarter valued at approximately $4,607,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CHCT. Truist Financial boosted their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Piper Sandler decreased their price objective on shares of Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Finally, Huntington assumed coverage on Community Healthcare Trust in a research note on Friday, July 17th. They set an “outperform” rating and a $20.00 target price for the company. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.50.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.