Community Healthcare Trust Inc. (CHCT) CEO Acquires $294,419.97 in Stock
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace bought 13,401 shares of the stock in a transaction dated Wednesday, September 21st. The stock was acquired at an average price of $21.97 per share, with a total value of $294,419.97. Following the completion of the purchase, the chief executive officer now owns 276,821 shares of the company’s stock, valued at approximately $6,081,757.37. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Shares of Community Healthcare Trust Inc. (NYSE:CHCT) opened at 22.36 on Thursday. The firm has a market capitalization of $269.17 million, a price-to-earnings ratio of 302.16 and a beta of 1.10. Community Healthcare Trust Inc. has a 12 month low of $15.61 and a 12 month high of $23.70. The company has a 50-day moving average price of $22.64 and a 200-day moving average price of $20.37.
Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. Community Healthcare Trust had a return on equity of 0.48% and a net margin of 3.54%. The firm had revenue of $6.20 million for the quarter, compared to analyst estimates of $5.87 million. Equities analysts forecast that Community Healthcare Trust Inc. will post $1.39 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were given a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 6.84%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, August 17th. Community Healthcare Trust’s dividend payout ratio is presently 2,185.71%.
Separately, Zacks Investment Research lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Monday, July 18th.
Several hedge funds have recently added to or reduced their stakes in the stock. Mendon Capital Advisors Corp bought a new stake in Community Healthcare Trust during the second quarter worth $8,422,000. RMB Capital Management LLC bought a new stake in Community Healthcare Trust during the second quarter worth $1,050,000. State of New Jersey Common Pension Fund D increased its stake in Community Healthcare Trust by 50.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 282,500 shares of the company’s stock worth $5,972,000 after buying an additional 95,000 shares during the last quarter. California State Teachers Retirement System bought a new stake in Community Healthcare Trust during the second quarter worth $559,000. Finally, Bank of New York Mellon Corp increased its stake in Community Healthcare Trust by 125.8% in the second quarter. Bank of New York Mellon Corp now owns 63,366 shares of the company’s stock worth $1,339,000 after buying an additional 35,299 shares during the last quarter. Hedge funds and other institutional investors own 86.49% of the company’s stock.
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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