Insider Buying: Community Healthcare Trust Incorporated (CHCT) CEO Buys 4,949 Shares of Stock
Community Healthcare Trust Incorporated (NYSE:CHCT) CEO Timothy G. Wallace acquired 4,949 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average price of $27.60 per share, for a total transaction of $136,592.40. Following the completion of the transaction, the chief executive officer now owns 463,222 shares in the company, valued at $12,784,927.20. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Community Healthcare Trust Incorporated (NYSE:CHCT) traded up $0.49 during trading on Wednesday, reaching $27.60. The company’s stock had a trading volume of 106,926 shares, compared to its average volume of 96,680. Community Healthcare Trust Incorporated has a 12 month low of $21.33 and a 12 month high of $29.16. The firm has a market capitalization of $486.33, a P/E ratio of 18.55 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a $0.395 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.58 dividend on an annualized basis and a yield of 5.72%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.39. Community Healthcare Trust’s dividend payout ratio (DPR) is 752.42%.
Institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. raised its stake in shares of Community Healthcare Trust by 33.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,582,381 shares of the real estate investment trust’s stock worth $42,661,000 after buying an additional 397,515 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Community Healthcare Trust during the 3rd quarter worth $8,867,000. Eagle Boston Investment Management Inc. acquired a new position in shares of Community Healthcare Trust during the 3rd quarter worth $8,290,000. Adelante Capital Management LLC acquired a new position in shares of Community Healthcare Trust during the 3rd quarter worth $6,740,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Community Healthcare Trust during the 3rd quarter worth $4,089,000. 85.49% of the stock is owned by institutional investors.
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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. It has investments in healthcare real estate, including mortgage and other loans.
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