Horn R. Lawrence Van Buys 11,815 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT) Stock

Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) Director Horn R. Lawrence Van bought 11,815 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was acquired at an average price of $16.37 per share, for a total transaction of $193,411.55. Following the transaction, the director now owns 88,502 shares in the company, valued at $1,448,777.74. This trade represents a 15.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Community Healthcare Trust Price Performance

Shares of CHCT stock traded up $0.03 during trading hours on Tuesday, reaching $16.40. 170,563 shares of the company traded hands, compared to its average volume of 298,210. The firm has a 50-day moving average price of $16.45 and a 200 day moving average price of $18.06. The company has a market cap of $464.69 million, a P/E ratio of -71.30, a P/E/G ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a 12-month low of $14.76 and a 12-month high of $27.62.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. The company had revenue of $29.73 million for the quarter, compared to analysts' expectations of $29.71 million. Sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.47 per share. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.46%. Community Healthcare Trust's dividend payout ratio is currently -606.45%.

Hedge Funds Weigh In On Community Healthcare Trust

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in Community Healthcare Trust by 136.1% in the 4th quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 905 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Community Healthcare Trust in the first quarter worth about $38,000. Quarry LP bought a new position in Community Healthcare Trust during the fourth quarter valued at approximately $88,000. KLP Kapitalforvaltning AS purchased a new position in Community Healthcare Trust during the 4th quarter valued at approximately $108,000. Finally, GAMMA Investing LLC increased its stake in Community Healthcare Trust by 2,866.5% in the 1st quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock worth $119,000 after acquiring an additional 6,335 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CHCT shares. Piper Sandler dropped their target price on shares of Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $21.00.

Community Healthcare Trust Company Profile

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.