Timothy G. Wallace Buys 10,061 Shares of Community Healthcare Trust Inc. (CHCT) Stock
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace acquired 10,061 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were bought at an average price of $21.92 per share, for a total transaction of $220,537.12. Following the completion of the purchase, the chief executive officer now owns 330,458 shares of the company’s stock, valued at $7,243,639.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Community Healthcare Trust Inc. (NYSE:CHCT) opened at 22.03 on Tuesday. Community Healthcare Trust Inc. has a 52 week low of $15.87 and a 52 week high of $23.70. The company has a market capitalization of $279.47 million, a PE ratio of 121.04 and a beta of 1.08. The company’s 50 day moving average is $22.23 and its 200-day moving average is $21.55.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be issued a dividend of $0.385 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.38. This represents a $1.54 dividend on an annualized basis and a dividend yield of 6.99%. Community Healthcare Trust’s payout ratio is 962.56%.
Separately, Zacks Investment Research upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, November 15th.
Several hedge funds and other institutional investors have recently modified their holdings of CHCT. BlackRock Advisors LLC raised its position in shares of 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 during the period. American International Group Inc. purchased a new position in shares of Community Healthcare Trust during the second quarter worth approximately $153,000. Nationwide Fund Advisors purchased a new position in shares of Community Healthcare Trust during the second quarter worth approximately $169,000. The Manufacturers Life Insurance Company purchased a new position in shares of Community Healthcare Trust during the third quarter worth approximately $229,000. Finally, Metropolitan Life Insurance Co. NY raised 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 last quarter. Institutional investors own 88.77% of the company’s stock.
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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