Timothy G. Wallace Acquires 11,120 Shares of Community Healthcare Trust Inc. (CHCT) Stock
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace bought 11,120 shares of Community Healthcare Trust stock in a transaction that occurred on Wednesday, October 5th. The shares were acquired at an average cost of $21.44 per share, with a total value of $238,412.80. Following the acquisition, the chief executive officer now owns 287,941 shares of the company’s stock, valued at $6,173,455.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Community Healthcare Trust Inc. (NYSE:CHCT) opened at 21.91 on Friday. The stock has a market cap of $263.75 million, a PE ratio of 296.08 and a beta of 1.11. 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 one year low of $15.87 and a one year high of $23.70.
Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. Community Healthcare Trust had a net margin of 3.54% and a return on equity of 0.48%. The company had revenue of $6.20 million for the quarter, compared to the consensus estimate of $5.87 million. On average, equities research analysts expect that Community Healthcare Trust Inc. will post $1.39 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Mendon Capital Advisors Corp purchased a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $8,422,000. RMB Capital Management LLC purchased a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $1,050,000. State of New Jersey Common Pension Fund D increased its stake in shares of Community Healthcare Trust by 50.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 282,500 shares of the company’s stock worth $5,972,000 after buying an additional 95,000 shares in the last quarter. California State Teachers Retirement System purchased a new stake in shares of Community Healthcare Trust during the second quarter worth approximately $559,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Community Healthcare Trust by 125.8% in the second quarter. Bank of New York Mellon Corp now owns 63,366 shares of the company’s stock worth $1,339,000 after buying an additional 35,299 shares in the last quarter. 86.02% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Monday, June 20th.
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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