Community Healthcare Trust (NYSE:CHCT) Director Robert Hensley Purchases 8,000 Shares of Stock

Community Healthcare Trust Incorporated (NYSE:CHCT) Director Robert Hensley purchased 8,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $15.21 per share, for a total transaction of $121,680.00. Following the purchase, the director owned 103,702 shares in the company, valued at $1,577,307.42. The trade was a 8.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Community Healthcare Trust Trading Down 0.5%

CHCT stock opened at $15.00 on Thursday. Community Healthcare Trust Incorporated has a 1 year low of $13.23 and a 1 year high of $19.17. The company has a fifty day simple moving average of $17.77 and a 200 day simple moving average of $17.28. The firm has a market cap of $429.81 million, a PE ratio of 22.39 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%.The business had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. As a group, analysts forecast that Community Healthcare Trust Incorporated will post 1.9 EPS for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.8%. Community Healthcare Trust’s dividend payout ratio is currently 197.01%.

Institutional Trading of Community Healthcare Trust

A number of hedge funds have recently bought and sold shares of CHCT. AQR Capital Management LLC raised its position in shares of Community Healthcare Trust by 18.6% during the first quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust’s stock valued at $793,000 after buying an additional 6,856 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Community Healthcare Trust during the first quarter valued at about $231,000. Goldman Sachs Group Inc. raised its holdings in Community Healthcare Trust by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 252,492 shares of the real estate investment trust’s stock valued at $4,585,000 after acquiring an additional 3,697 shares in the last quarter. Jane Street Group LLC raised its holdings in Community Healthcare Trust by 339.7% in the 1st quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock valued at $1,630,000 after acquiring an additional 69,343 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of Community Healthcare Trust in the 2nd quarter worth approximately $196,000. 87.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Piper Sandler decreased their target price on Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Huntington initiated coverage on shares of Community Healthcare Trust in a research note on Friday, July 17th. They issued an “outperform” rating and a $20.00 price objective for the company. Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Truist Financial lifted their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.50.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.