Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report) CEO David Dupuy acquired 10,000 shares of Community Healthcare Trust stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $15.13 per share, with a total value of $151,300.00. Following the completion of the transaction, the chief executive officer directly owned 557,262 shares of the company’s stock, valued at $8,431,374.06. This trade represents a 1.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Community Healthcare Trust Price Performance
CHCT stock traded down $0.44 on Monday, reaching $14.64. 467,079 shares of the company were exchanged, compared to its average volume of 243,723. The firm has a market capitalization of $419.44 million, a PE ratio of 21.85 and a beta of 0.71. Community Healthcare Trust Incorporated has a 12 month low of $13.23 and a 12 month high of $19.17. The stock’s fifty day moving average price is $17.68 and its 200 day moving average price is $17.25.
Community Healthcare Trust (NYSE:CHCT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $30.97 million during the quarter, compared to analyst estimates of $31.77 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. As a group, research analysts expect that Community Healthcare Trust Incorporated will post 1.87 EPS for the current fiscal year.
Community Healthcare Trust Cuts Dividend
Analyst Ratings Changes
A number of brokerages have recently issued reports on CHCT. Huntington assumed 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. Piper Sandler decreased their target price on shares of Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. 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. Finally, Truist Financial raised their price target on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.50.
Check Out Our Latest Report on Community Healthcare Trust
Hedge Funds Weigh In On Community Healthcare Trust
Institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in shares of Community Healthcare Trust in the fourth quarter valued at $49,000. Legal & General Group Plc acquired a new stake in Community Healthcare Trust in the 2nd quarter valued at about $51,000. Creative Financial Designs Inc. ADV raised its stake in shares of Community Healthcare Trust by 104.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 1,817 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Community Healthcare Trust during the second quarter worth approximately $58,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Community Healthcare Trust by 992.0% during the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 4,107 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.
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.
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