Insider Buying: Community Healthcare Trust Inc. (CHCT) Director Purchases $29,462.58 in Stock
Community Healthcare Trust Inc. (NYSE:CHCT) Director Alfred Lumsdaine purchased 1,407 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was bought at an average price of $20.94 per share, with a total value of $29,462.58. Following the transaction, the director now directly owns 16,184 shares in the company, valued at $338,892.96. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Alfred Lumsdaine also recently made the following trade(s):
- On Wednesday, November 16th, Alfred Lumsdaine acquired 1,929 shares of Community Healthcare Trust stock. The shares were acquired at an average price of $20.93 per share, with a total value of $40,373.97.
Shares of Community Healthcare Trust Inc. (NYSE:CHCT) opened at 21.97 on Monday. The firm’s 50-day moving average price is $22.23 and its 200-day moving average price is $21.49. The firm has a market capitalization of $278.71 million, a price-to-earnings ratio of 120.71 and a beta of 1.08. Community Healthcare Trust Inc. has a 12 month low of $15.87 and a 12 month high of $23.70.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be given a dividend of $0.385 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 7.01%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.38. Community Healthcare Trust’s payout ratio is presently 962.56%.
Separately, Zacks Investment Research upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 30th.
Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in Community Healthcare Trust by 1.1% in the third quarter. California State Teachers Retirement System now owns 26,738 shares of the company’s stock worth $586,000 after buying an additional 300 shares during the last quarter. Rhumbline Advisers increased its stake in Community Healthcare Trust by 4.4% in the third quarter. Rhumbline Advisers now owns 14,208 shares of the company’s stock worth $311,000 after buying an additional 600 shares in the last quarter. BlackRock Advisors LLC increased its stake in Community Healthcare Trust by 16.1% in the third quarter. BlackRock Advisors LLC now owns 5,453 shares of the company’s stock worth $120,000 after buying an additional 758 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in 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 worth $410,000 after buying an additional 800 shares in the last quarter. Finally, DIAM Co. Ltd. increased its stake in Community Healthcare Trust by 4.1% in the third quarter. DIAM Co. Ltd. now owns 27,070 shares of the company’s stock worth $591,000 after buying an additional 1,070 shares in the last quarter. Institutional investors own 88.77% 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.
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