Community Healthcare Trust (NYSE:CHCT) CEO Purchases $151,300.00 in Stock

Community Healthcare Trust Incorporated (NYSE:CHCT) CEO David Dupuy bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was purchased at an average price of $15.13 per share, with a total value of $151,300.00. Following the transaction, the chief executive officer owned 557,262 shares in the company, valued at approximately $8,431,374.06. This represents a 1.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Community Healthcare Trust Stock Down 0.1%

Shares of NYSE:CHCT opened at $14.77 on Thursday. The company has a market cap of $423.28 million, a PE ratio of 22.05 and a beta of 0.71. Community Healthcare Trust Incorporated has a fifty-two week low of $13.23 and a fifty-two week high of $19.17. The firm has a 50-day simple moving average of $17.50 and a 200 day simple moving average of $17.21.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The company had revenue of $30.97 million during the quarter, compared to the consensus estimate of $31.77 million. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. As a group, research analysts forecast that Community Healthcare Trust Incorporated will post 1.87 EPS for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, August 19th. This represents a $1.32 annualized dividend and a dividend yield of 8.9%. Community Healthcare Trust’s dividend payout ratio (DPR) is 286.57%.

Analysts Set New Price Targets

Several research firms have issued reports on CHCT. Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Truist Financial lifted their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Piper Sandler cut their target price on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Huntington assumed coverage on Community Healthcare Trust in a report on Friday, July 17th. They set an “outperform” rating and a $20.00 target price for the company. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.50.

Institutional Trading of Community Healthcare Trust

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Community Healthcare Trust during the second quarter valued at $48,221,000. Ameriprise Financial Inc. grew its holdings in shares of Community Healthcare Trust by 667.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock worth $5,809,000 after purchasing an additional 330,203 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in shares of Community Healthcare Trust by 66.0% in the 3rd quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock worth $12,339,000 after purchasing an additional 320,546 shares during the last quarter. Invesco Ltd. increased its position in shares of Community Healthcare Trust by 38.9% during the 3rd quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock worth $16,221,000 after purchasing an additional 297,179 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Community Healthcare Trust during the 2nd quarter worth about $4,607,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.