David Dupuy Acquires 10,000 Shares of Community Healthcare Trust (NYSE:CHCT) Stock

Community Healthcare Trust Incorporated (NYSE:CHCT) CEO David Dupuy acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $15.13 per share, for a total transaction of $151,300.00. Following the completion of the purchase, the chief executive officer owned 557,262 shares of the company’s stock, valued at approximately $8,431,374.06. This represents a 1.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Community Healthcare Trust Trading Up 0.7%

Shares of NYSE CHCT opened at $14.78 on Wednesday. The firm has a 50-day moving average of $17.56 and a two-hundred day moving average of $17.22. Community Healthcare Trust Incorporated has a twelve month low of $13.23 and a twelve month high of $19.17. The company has a market capitalization of $423.42 million, a price-to-earnings ratio of 22.06 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. As a group, research analysts predict that Community Healthcare Trust Incorporated will post 1.87 earnings per share for the current year.

Community Healthcare Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 286.57%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHCT. Weiss Ratings upgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Piper Sandler lowered their price target on 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. Huntington assumed coverage on shares of Community Healthcare Trust in a research note on Friday, July 17th. They set an “outperform” rating and a $20.00 price objective on the stock. Truist Financial raised their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Community Healthcare Trust has a consensus rating of “Hold” and an average price target of $18.50.

Institutional Investors Weigh In On Community Healthcare Trust

A number of institutional investors have recently made changes to their positions in CHCT. Public Employees Retirement System of Ohio bought a new stake in Community Healthcare Trust in the 2nd quarter valued at $936,000. Bank of America Corp DE bought a new position in Community Healthcare Trust in the 2nd quarter valued at about $2,175,000. Odyssean LLC bought a new position in Community Healthcare Trust in the second quarter valued at approximately $571,000. Man Group plc bought a new position in shares of Community Healthcare Trust in the 2nd quarter valued at $1,072,000. Finally, Palisade Capital Management LP bought a new position in Community Healthcare Trust in the second quarter valued at about $3,881,000. Institutional investors 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.