Community Healthcare Trust Incorporated (NYSE:CHCT) CEO Timothy G. Wallace acquired 10,099 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were acquired at an average cost of $26.93 per share, with a total value of $271,966.07. Following the transaction, the chief executive officer now owns 448,206 shares in the company, valued at $12,070,187.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Community Healthcare Trust Incorporated (CHCT) opened at $26.89 on Tuesday. Community Healthcare Trust Incorporated has a one year low of $21.33 and a one year high of $29.16. The firm has a market cap of $486.33, a price-to-earnings ratio of 18.55 and a beta of 0.99.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a dividend of $0.395 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, November 16th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.88%. Community Healthcare Trust’s payout ratio is 752.42%.

A number of brokerages have recently issued reports on CHCT. Zacks Investment Research raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Finally, ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note 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 stock. The stock presently has an average rating of “Hold” and an average target price of $26.50.

A number of hedge funds have recently made changes to their positions in CHCT. Prudential Financial Inc. lifted its stake in Community Healthcare Trust by 33.5% in 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 purchasing an additional 397,515 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Community Healthcare Trust in the 3rd quarter worth $8,867,000. Eagle Boston Investment Management Inc. purchased a new stake in Community Healthcare Trust in the 3rd quarter worth $8,290,000. Adelante Capital Management LLC purchased a new stake in Community Healthcare Trust in the 3rd quarter worth $6,740,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Community Healthcare Trust in the 3rd quarter worth $4,089,000. Institutional investors and hedge funds own 85.49% of the company’s stock.

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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. It has investments in healthcare real estate, including mortgage and other loans.

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