Community Healthcare Trust Inc. (CHCT) Upgraded by Zacks Investment Research to Hold
Community Healthcare Trust Inc. (NYSE:CHCT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “
Community Healthcare Trust (NYSE:CHCT) traded down 0.42% on Tuesday, reaching $21.48. The company’s stock had a trading volume of 138,137 shares. Community Healthcare Trust has a 12 month low of $15.61 and a 12 month high of $23.70. The firm’s 50 day moving average is $22.71 and its 200-day moving average is $20.34. The firm has a market cap of $258.58 million, a P/E ratio of 290.27 and a beta of 1.10.
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Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data 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 firm earned $6.20 million during the quarter, compared to the consensus estimate 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 research analysts anticipate that Community Healthcare Trust will post $1.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were issued a dividend of $0.3825 per share. The ex-dividend date was Wednesday, August 17th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.38. This represents a $1.53 annualized dividend and a dividend yield of 7.12%. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 2,185.71%.
In other Community Healthcare Trust news, CEO Timothy G. Wallace bought 19,522 shares of the stock in a transaction dated Friday, September 16th. The shares were bought at an average cost of $21.30 per share, with a total value of $415,818.60. Following the completion of the acquisition, the chief executive officer now owns 228,256 shares of the company’s stock, valued at $4,861,852.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Timothy G. Wallace bought 12,170 shares of the stock in a transaction dated Monday, September 19th. The shares were acquired at an average cost of $21.66 per share, for a total transaction of $263,602.20. Following the completion of the acquisition, the chief executive officer now directly owns 250,332 shares of the company’s stock, valued at approximately $5,422,191.12. The disclosure for this purchase can be found here. Insiders own 5.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP acquired a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $13,796,000. Nuveen Asset Management LLC acquired a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $11,038,000. Royal Bank of Canada boosted its position in shares of Community Healthcare Trust by 144.9% in the second quarter. Royal Bank of Canada now owns 706,860 shares of the company’s stock valued at $14,943,000 after buying an additional 418,185 shares in the last quarter. Mendon Capital Advisors Corp acquired a new position in shares of Community Healthcare Trust during the second quarter valued at approximately $8,422,000. Finally, Systematic Financial Management LP boosted its position in shares of Community Healthcare Trust by 83.5% in the second quarter. Systematic Financial Management LP now owns 752,950 shares of the company’s stock valued at $15,917,000 after buying an additional 342,653 shares in the last quarter. 86.49% of the stock is currently owned by institutional investors.
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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