Insider Buying: Community Healthcare Trust (NYSE:CHCT) Director Purchases $121,680.00 in Stock

Community Healthcare Trust Incorporated (NYSE:CHCT) Director Robert Hensley acquired 8,000 shares of Community Healthcare Trust stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of $15.21 per share, with a total value of $121,680.00. Following the completion of the purchase, the director directly owned 103,702 shares of the company’s stock, valued at $1,577,307.42. The trade was a 8.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Community Healthcare Trust Trading Down 0.2%

NYSE:CHCT opened at $15.09 on Friday. Community Healthcare Trust Incorporated has a 1 year low of $13.23 and a 1 year high of $19.17. The firm’s fifty day simple moving average is $17.68 and its 200 day simple moving average is $17.25. The firm has a market capitalization of $432.39 million, a PE ratio of 22.53 and a beta of 0.71.

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

Community Healthcare Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.7%. Community Healthcare Trust’s payout ratio is presently 286.57%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Community Healthcare Trust

Several hedge funds have recently made changes to their positions in CHCT. Vanguard Group Inc. increased its stake in Community Healthcare Trust by 2.5% during the third quarter. Vanguard Group Inc. now owns 2,804,298 shares of the real estate investment trust’s stock valued at $42,906,000 after acquiring an additional 67,241 shares during the period. BlackRock Inc. bought a new stake in shares of Community Healthcare Trust in the 2nd quarter worth approximately $48,221,000. Systematic Financial Management LP lifted its position in shares of Community Healthcare Trust by 3.6% in the 4th quarter. Systematic Financial Management LP now owns 1,123,736 shares of the real estate investment trust’s stock worth $18,452,000 after acquiring an additional 38,532 shares during the period. Invesco Ltd. grew its holdings 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, Kennedy Capital Management LLC grew its holdings in shares of Community Healthcare Trust by 26.5% during the 4th quarter. Kennedy Capital Management LLC now owns 1,019,810 shares of the real estate investment trust’s stock worth $16,745,000 after purchasing an additional 213,349 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Company Profile

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.