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. “

Shares of Community Healthcare Trust (NYSE:CHCT) traded down 0.42% on Tuesday, hitting $21.48. The stock had a trading volume of 138,137 shares. The stock has a market capitalization of $258.58 million, a P/E ratio of 290.27 and a beta of 1.10. The firm has a 50-day moving average price of $22.71 and a 200-day moving average price of $20.34. Community Healthcare Trust has a 52 week low of $15.61 and a 52 week high of $23.70.

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Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Thursday, August 11th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the 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 return on equity of 0.48% and a net margin of 3.54%. Equities analysts expect that Community Healthcare Trust will post $1.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were given a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 7.12%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 17th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 2,185.71%.

In other news, CEO Timothy G. Wallace bought 19,522 shares of the company’s stock in a transaction on Friday, September 16th. The shares were acquired at an average cost of $21.30 per share, with a total value of $415,818.60. Following the completion of the transaction, the chief executive officer now owns 228,256 shares of the company’s stock, valued at approximately $4,861,852.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy G. Wallace bought 12,170 shares of the company’s stock in a transaction on Monday, September 19th. The stock was purchased at an average cost of $21.66 per share, for a total transaction of $263,602.20. Following the completion of the transaction, 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. 5.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP purchased a new position in shares of Community Healthcare Trust during the second quarter valued at about $13,796,000. Nuveen Asset Management LLC purchased a new position in shares of Community Healthcare Trust during the second quarter valued at about $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 during the last quarter. Mendon Capital Advisors Corp purchased a new position in shares of Community Healthcare Trust during the second quarter valued at about $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 during the last quarter. 86.49% of the stock is currently owned by institutional investors and hedge funds.

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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