Community Healthcare Trust (NYSE:CHCT) CEO David Dupuy Acquires 10,000 Shares of Stock

Community Healthcare Trust Incorporated (NYSE:CHCT) CEO David Dupuy purchased 10,000 shares of the stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $15.13 per share, for a total transaction of $151,300.00. Following the completion of the transaction, the chief executive officer directly owned 557,262 shares of the company’s stock, valued at approximately $8,431,374.06. The trade was a 1.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Community Healthcare Trust Price Performance

Shares of CHCT opened at $14.64 on Tuesday. Community Healthcare Trust Incorporated has a 1-year low of $13.23 and a 1-year high of $19.17. The stock has a market cap of $419.44 million, a price-to-earnings ratio of 21.85 and a beta of 0.71. The firm has a 50 day simple moving average of $17.62 and a 200-day simple moving average of $17.24.

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 analysts’ expectations of $31.77 million. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. On average, equities analysts expect that Community Healthcare Trust Incorporated will post 1.87 earnings per share for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Community Healthcare Trust’s payout ratio is 286.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Community Healthcare Trust in the 2nd quarter valued at about $936,000. Bank of America Corp DE purchased a new position in Community Healthcare Trust in the second quarter valued at approximately $2,175,000. Odyssean LLC purchased a new position in Community Healthcare Trust in the second quarter valued at approximately $571,000. Man Group plc acquired a new position in Community Healthcare Trust during the second quarter valued at approximately $1,072,000. Finally, Palisade Capital Management LP purchased a new stake in Community Healthcare Trust during the second quarter worth approximately $3,881,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

CHCT has been the topic of a number of analyst reports. 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 note on Thursday, June 11th. Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Huntington started coverage on shares of Community Healthcare Trust in a research note on Friday, July 17th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, Piper Sandler lowered their price target on shares of Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.