Community Healthcare Trust (NYSE:CHCT) CEO Purchases $151,300.00 in Stock

Key Points

• CEO David Dupuy bought 10,000 shares of Community Healthcare Trust at an average price of $15.13, investing $151,300 and increasing his ownership by 1.83%.
• CHCT reported quarterly EPS of $0.06, below the $0.11 analyst consensus, while revenue of $30.97 million also fell short of expectations. Shares recently traded at $14.64, near the lower end of their 12-month range.
• The company announced a quarterly dividend of $0.33, equivalent to a 9.0% annualized yield, though its payout ratio is elevated at 286.57%. Analysts have a consensus “Hold” rating and an average price target of $18.50.

Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) CEO David Dupuy bought 10,000 shares of Community Healthcare Trust stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $15.13 per share, with a total value of $151,300.00. Following the completion of the acquisition, the chief executive officer owned 557,262 shares of the company's stock, valued at $8,431,374.06. The trade was a 1.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Community Healthcare Trust Price Performance

Community Healthcare Trust stock traded down $0.44 during midday trading on Monday, reaching $14.64. The stock had a trading volume of 467,079 shares, compared to its average volume of 243,723. Community Healthcare Trust Incorporated has a twelve month low of $13.23 and a twelve month high of $19.17. The firm has a market cap of $419.44 million, a price-to-earnings ratio of 21.85 and a beta of 0.71. The firm's fifty day simple moving average is $17.68 and its two-hundred day simple moving average is $17.25.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. The company had revenue of $30.97 million for the quarter, compared to analysts' expectations of $31.77 million. As a group, sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.87 EPS for the current fiscal year.

Community Healthcare Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $1.32 dividend on an annualized basis and a yield of 9.0%. Community Healthcare Trust's payout ratio is 286.57%.

Institutional Investors Weigh In On Community Healthcare Trust

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new stake in shares of Community Healthcare Trust during the 4th quarter worth $49,000. Legal & General Group Plc bought a new position in Community Healthcare Trust in the 2nd quarter worth $51,000. Creative Financial Designs Inc. ADV boosted its holdings in Community Healthcare Trust by 104.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 1,817 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Community Healthcare Trust in the second quarter valued at about $58,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Community Healthcare Trust by 992.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 4,107 shares during the period. Institutional investors own 87.84% of the company's stock.

Analysts Set New Price Targets

CHCT has been the subject of several recent research reports. Weiss Ratings raised Community Healthcare Trust from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, June 12th. Piper Sandler cut their price objective 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. Wall Street Zen cut shares of Community Healthcare Trust from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Huntington initiated coverage on shares of Community Healthcare Trust in a research report on Friday, July 17th. They issued an "outperform" rating and a $20.00 target price for the company. Finally, Truist Financial increased 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 investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Community Healthcare Trust has a consensus rating of "Hold" and an average target price of $18.50.

About Community Healthcare Trust

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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