Timothy G. Wallace Purchases 9,906 Shares of Community Healthcare Trust Inc. (CHCT) Stock
Community Healthcare Trust Inc. (NYSE:CHCT) CEO Timothy G. Wallace acquired 9,906 shares of Community Healthcare Trust stock in a transaction on Thursday, November 17th. The stock was acquired at an average cost of $21.78 per share, for a total transaction of $215,752.68. Following the purchase, the chief executive officer now owns 320,397 shares of the company’s stock, valued at approximately $6,978,246.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 stock’s 50 day moving average price is $22.23 and its 200 day moving average price is $21.55. The firm has a market cap of $279.47 million, a price-to-earnings ratio of 121.04 and a beta of 1.08.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 6.99%. 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. Community Healthcare Trust’s dividend payout ratio (DPR) is 962.56%.
A number of institutional investors have recently bought and sold shares of the company. Manning & Napier Advisors LLC raised its position in Community Healthcare Trust by 16.4% in the second quarter. Manning & Napier Advisors LLC now owns 566,905 shares of the company’s stock worth $11,982,000 after buying an additional 79,913 shares during the period. GSA Capital Partners LLP bought a new position in Community Healthcare Trust during the second quarter worth approximately $301,000. DIAM Co. Ltd. raised its position in Community Healthcare Trust by 139.1% in the second quarter. DIAM Co. Ltd. now owns 26,000 shares of the company’s stock worth $546,000 after buying an additional 15,128 shares during the period. Emerald Acquisition Ltd. bought a new position in Community Healthcare Trust during the second quarter worth approximately $3,296,000. Finally, Mendon Capital Advisors Corp bought a new position in Community Healthcare Trust during the second quarter worth approximately $8,422,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.
Separately, Zacks Investment Research raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th.
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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