Cathrine Cotman Purchases 4,000 Shares of Community Healthcare Trust (NYSE:CHCT) Stock

Community Healthcare Trust Incorporated (NYSE:CHCT) Director Cathrine Cotman acquired 4,000 shares of Community Healthcare Trust stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average cost of $14.66 per share, for a total transaction of $58,640.00. Following the purchase, the director directly owned 37,635 shares of the company’s stock, valued at approximately $551,729.10. This trade represents a 11.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Community Healthcare Trust Stock Down 0.1%

Shares of NYSE:CHCT opened at $14.78 on Friday. The company has a market cap of $420.80 million, a P/E ratio of -36.95 and a beta of 0.72. The business has a fifty day simple moving average of $14.80 and a 200-day simple moving average of $15.72. Community Healthcare Trust Incorporated has a 52 week low of $13.23 and a 52 week high of $20.87.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Community Healthcare Trust had a negative return on equity of 1.66% and a negative net margin of 6.27%.The company had revenue of $30.81 million during the quarter, compared to analysts’ expectations of $30.58 million. Sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 12.9%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, November 7th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently -475.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CHCT. Truist Financial decreased their price target on shares of Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Zacks Research raised Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Wednesday, October 8th. Finally, Piper Sandler restated an “overweight” rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.00.

Hedge Funds Weigh In On Community Healthcare Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Square LLC boosted its position in Community Healthcare Trust by 2.9% during the 2nd quarter. Capital Square LLC now owns 25,377 shares of the real estate investment trust’s stock worth $433,000 after purchasing an additional 708 shares during the period. Resona Asset Management Co. Ltd. boosted its position in shares of Community Healthcare Trust by 8.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 10,898 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 822 shares during the period. M&G PLC boosted its position in shares of Community Healthcare Trust by 11.1% in the second quarter. M&G PLC now owns 11,044 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 1,107 shares during the period. Versant Capital Management Inc grew its stake in shares of Community Healthcare Trust by 111.9% in the third quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,129 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Community Healthcare Trust by 10.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 14,653 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,386 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.