Community Healthcare Trust (NYSE:CHCT) Director Acquires 8,000 Shares of Stock

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

Community Healthcare Trust Stock Down 0.5%

Shares of NYSE CHCT traded down $0.07 during midday trading on Wednesday, hitting $15.00. The stock had a trading volume of 284,580 shares, compared to its average volume of 241,744. Community Healthcare Trust Incorporated has a 1-year low of $13.23 and a 1-year high of $19.17. The company has a market capitalization of $429.75 million, a price-to-earnings ratio of 22.39 and a beta of 0.71. The company has a fifty day moving average price of $17.81 and a 200 day moving average price of $17.30.

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). Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%.The business had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. On average, research analysts forecast that Community Healthcare Trust Incorporated will post 1.9 EPS for the current year.

Community Healthcare Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 8.8%. The ex-dividend date is Wednesday, August 19th. Community Healthcare Trust’s payout ratio is currently 286.57%.

Institutional Trading of Community Healthcare Trust

Large investors have recently bought and sold shares of the company. Kennedy Capital Management LLC lifted its holdings in Community Healthcare Trust by 26.5% in 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 buying an additional 213,349 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Community Healthcare Trust by 13.0% during the fourth quarter. Deprince Race & Zollo Inc. now owns 489,072 shares of the real estate investment trust’s stock valued at $8,031,000 after acquiring an additional 56,126 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Community Healthcare Trust by 3.6% during the fourth 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 last quarter. Sei Investments Co. boosted its holdings in Community Healthcare Trust by 34.1% in the first quarter. Sei Investments Co. now owns 360,542 shares of the real estate investment trust’s stock valued at $5,729,000 after purchasing an additional 91,740 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in Community Healthcare Trust by 11.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 38,920 shares of the real estate investment trust’s stock valued at $639,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CHCT shares. Piper Sandler cut their target price on shares of Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Truist Financial upped their price target on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Weiss Ratings upgraded Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. 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 began coverage on Community Healthcare Trust in a research note on Friday, July 17th. They set an “outperform” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.50.

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.