Insider Buying: Community Healthcare Trust Inc. (CHCT) CEO Purchases 11,332 Shares of Stock
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace acquired 11,332 shares of Community Healthcare Trust stock in a transaction that occurred on Friday, October 7th. The stock was acquired at an average cost of $22.58 per share, with a total value of $255,876.56. Following the purchase, the chief executive officer now directly owns 310,491 shares of the company’s stock, valued at $7,010,886.78. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Community Healthcare Trust Inc. (NYSE:CHCT) traded up 3.47% during trading on Friday, reaching $22.67. 45,482 shares of the company were exchanged. Community Healthcare Trust Inc. has a 1-year low of $15.87 and a 1-year high of $23.70. The stock has a market capitalization of $272.90 million, a P/E ratio of 306.35 and a beta of 1.11. The firm has a 50-day moving average price of $22.31 and a 200-day moving average price of $20.62.
Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. The company 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%. Equities research analysts predict that Community Healthcare Trust Inc. will post $1.39 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in CHCT. American International Group Inc. acquired a new stake in Community Healthcare Trust during the second quarter worth approximately $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 during the period. 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. Institutional investors own 86.02% of the company’s stock.
Separately, Zacks Investment Research raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 30th.
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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