Zacks Investment Research cut shares of Community Healthcare Trust Inc. (NYSE:CHCT) from a buy rating to a hold rating in a report issued on Wednesday.

According to Zacks, “Community Healthcare Trust Incorporated is engaged in the acquisition of properties which are leased to hospitals, doctors, healthcare systems or other healthcare service providers. Community Healthcare Trust Incorporated is based in Franklin, United States. “

Community Healthcare Trust (NYSE:CHCT) traded up 2.87% during midday trading on Wednesday, hitting $21.90. 32,121 shares of the stock were exchanged. The firm’s 50-day moving average price is $22.25 and its 200 day moving average price is $21.46. The firm has a market capitalization of $284.44 million, a P/E ratio of 295.95 and a beta of 1.08. Community Healthcare Trust has a 1-year low of $15.87 and a 1-year high of $23.70.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be paid a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend is Wednesday, November 16th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.38. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 956.31%.

In other Community Healthcare Trust news, Director Alfred Lumsdaine bought 1,929 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average cost of $20.93 per share, for a total transaction of $40,373.97. Following the acquisition, the director now directly owns 16,184 shares in the company, valued at $338,731.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy G. Wallace bought 19,522 shares of the company’s stock in a transaction on Friday, September 16th. The shares were acquired at an average price of $21.30 per share, for a total transaction of $415,818.60. Following the completion of the acquisition, the chief executive officer now owns 228,256 shares in the company, valued at $4,861,852.80. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Community Healthcare Trust by 16.3% in the first quarter. Goldman Sachs Group Inc. now owns 608,785 shares of the company’s stock valued at $11,256,000 after buying an additional 85,284 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Community Healthcare Trust by 5.5% in the second quarter. Foundry Partners LLC now owns 182,385 shares of the company’s stock valued at $3,856,000 after buying an additional 9,525 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Community Healthcare Trust during the second quarter valued at about $301,000. Royce & Associates LP acquired a new position in shares of Community Healthcare Trust during the second quarter valued at about $2,706,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Community Healthcare Trust by 4.3% in the second quarter. PNC Financial Services Group Inc. now owns 19,400 shares of the company’s stock valued at $410,000 after buying an additional 800 shares during the last quarter. Institutional investors own 87.66% of the company’s stock.

About Community Healthcare Trust

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.

5 Day Chart for NYSE:CHCT

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