Community Healthcare Trust Incorporated (NYSE:CHCT) CEO Acquires $194,800.00 in Stock

Community Healthcare Trust Incorporated (NYSE:CHCT) CEO David H. Dupuy bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the transaction, the chief executive officer now directly owns 363,565 shares of the company’s stock, valued at approximately $7,082,246.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Community Healthcare Trust Trading Down 0.3 %

NYSE CHCT opened at $18.95 on Friday. Community Healthcare Trust Incorporated has a 1-year low of $18.63 and a 1-year high of $35.67. The company has a market capitalization of $524.93 million, a price-to-earnings ratio of 29.61, a PEG ratio of 1.24 and a beta of 0.68. The stock’s 50 day moving average is $23.60 and its two-hundred day moving average is $24.95.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 9.76%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, August 9th. Community Healthcare Trust’s dividend payout ratio is 289.06%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CHCT shares. Robert W. Baird dropped their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Evercore ISI restated an “underperform” rating and set a $25.00 price target (down from $27.00) on shares of Community Healthcare Trust in a research note on Wednesday, July 31st. Truist Financial reduced their price objective on Community Healthcare Trust from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, June 17th. Finally, Piper Sandler restated a “neutral” rating and set a $26.00 price objective (down from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Community Healthcare Trust has an average rating of “Hold” and an average target price of $26.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Community Healthcare Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock worth $78,373,000 after purchasing an additional 53,282 shares during the last quarter. Janus Henderson Group PLC grew its stake in Community Healthcare Trust by 5,664.3% during the first quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock worth $15,676,000 after buying an additional 580,199 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Community Healthcare Trust by 27.8% during the first quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock worth $9,687,000 after buying an additional 79,421 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new position in shares of Community Healthcare Trust in the first quarter valued at approximately $7,835,000. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Community Healthcare Trust by 8.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 248,354 shares of the real estate investment trust’s stock worth $6,616,000 after acquiring an additional 19,711 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).