Insider Buying: Community Healthcare Trust Inc. (CHCT) CEO Purchases 11,332 Shares of Stock
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace bought 11,332 shares of the business’s stock in a transaction on Friday, October 7th. The shares were acquired at an average price of $22.58 per share, for a total transaction of $255,876.56. Following the completion of the purchase, the chief executive officer now owns 310,491 shares in the company, valued at approximately $7,010,886.78. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Community Healthcare Trust Inc. (NYSE:CHCT) traded up 3.47% during trading on Friday, hitting $22.67. The stock had a trading volume of 45,482 shares. The company’s 50 day moving average is $22.31 and its 200 day moving average is $20.62. Community Healthcare Trust Inc. has a 52-week low of $15.87 and a 52-week high of $23.70. The firm has a market cap of $272.90 million, a PE ratio of 306.35 and a beta of 1.11.
Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.32 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Community Healthcare Trust had a net margin of 3.54% and a return on equity of 0.48%. The firm earned $6.20 million during the quarter, compared to the consensus estimate of $5.87 million. Equities research analysts forecast that Community Healthcare Trust Inc. will post $1.39 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, June 20th.
Several hedge funds have recently bought and sold shares of the stock. American International Group Inc. bought a new stake in Community Healthcare Trust during the second quarter valued at $153,000. Nationwide Fund Advisors acquired a new position in shares of Community Healthcare Trust during the second quarter worth approximately $169,000. Metropolitan Life Insurance Co. NY increased its position in shares of Community Healthcare Trust by 2,687.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,647 shares of the company’s stock worth $225,000 after buying an additional 10,265 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new position in shares of Community Healthcare Trust during the second quarter worth approximately $240,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Community Healthcare Trust during the second quarter worth approximately $280,000. 86.02% of the stock is owned by hedge funds and other institutional investors.
Community Healthcare Trust Company Profile
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. The Company holds interests in approximately 40 real estate properties and mortgage notes, located in over 20 states, totaling approximately 789,500 square feet.
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