Community Healthcare Trust Inc. (CHCT) CEO Timothy G. Wallace Purchases 12,170 Shares
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace purchased 12,170 shares of Community Healthcare Trust stock in a transaction on Monday, September 19th. The stock was bought at an average price of $21.66 per share, with a total value of $263,602.20. Following the transaction, the chief executive officer now owns 250,332 shares of the company’s stock, valued at $5,422,191.12. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Community Healthcare Trust Inc. (NYSE:CHCT) opened at 21.48 on Wednesday. Community Healthcare Trust Inc. has a 52-week low of $15.61 and a 52-week high of $23.70. The stock has a market cap of $258.58 million, a PE ratio of 290.27 and a beta of 1.10. The company’s 50 day moving average price is $22.66 and its 200 day moving average price is $20.36.
Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. Community Healthcare Trust had a return on equity of 0.48% and a net margin of 3.54%. The company earned $6.20 million during the quarter, compared to analysts’ expectations of $5.87 million. On average, analysts anticipate that Community Healthcare Trust Inc. will post $1.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were given a dividend of $0.3825 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.53 dividend on an annualized basis and a yield of 7.12%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.38. Community Healthcare Trust’s payout ratio is currently 2,185.71%.
A number of hedge funds have recently modified their holdings of CHCT. Royal Bank of Canada boosted its stake 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 worth $14,943,000 after buying an additional 418,185 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $421,000. Wedge Capital Management L L P NC purchased a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $1,190,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of 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 worth $225,000 after buying an additional 10,265 shares in the last quarter. Finally, Waddell & Reed Financial Inc. purchased a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $3,171,000. 86.49% of the stock is owned by institutional investors.
Separately, Zacks Investment Research upgraded Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, June 20th.
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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