Community Healthcare Trust Inc. (NYSE:CHCT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Community Healthcare Trust (NYSE:CHCT) opened at 22.36 on Tuesday. The company has a 50-day moving average of $22.64 and a 200-day moving average of $20.37. The stock 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 has a 1-year low of $15.61 and a 1-year high of $23.70.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. The company had revenue of $6.20 million for 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%. Analysts anticipate that Community Healthcare Trust will post $1.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were given a dividend of $0.3825 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 17th. This represents a $1.53 dividend on an annualized basis and a yield of 6.84%. Community Healthcare Trust’s dividend payout ratio is 2,185.71%.

In other Community Healthcare Trust news, CEO Timothy G. Wallace bought 12,170 shares of Community Healthcare Trust stock in a transaction on Monday, September 19th. The stock was acquired at an average cost of $21.66 per share, with a total value of $263,602.20. Following the completion of the acquisition, the chief executive officer now owns 250,332 shares in the company, valued at $5,422,191.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy G. Wallace bought 13,088 shares of Community Healthcare Trust stock in a transaction on Tuesday, September 20th. The shares were acquired at an average cost of $21.66 per share, with a total value of $283,486.08. Following the completion of the acquisition, the chief executive officer now owns 263,420 shares of the company’s stock, valued at approximately $5,705,677.20. The disclosure for this purchase can be found here. Corporate insiders own 5.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. American International Group Inc. acquired a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $153,000. Nationwide Fund Advisors acquired a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $169,000. 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. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $240,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $280,000. 86.49% of the stock is owned by institutional investors and hedge funds.

About Community Healthcare Trust

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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