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%.

A number of equities analysts recently weighed in on CHCT shares. BidaskClub upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Zacks Investment Research raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.50.

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.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/12/13/insider-buying-community-healthcare-trust-incorporated-chct-ceo-buys-4949-shares-of-stock.html.

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.

Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.