Insider Buying: Community Healthcare Trust Incorporated (NYSE:CHCT) CEO Buys $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 acquired at an average cost of $19.48 per share, with a total value of $194,800.00. Following the transaction, the chief executive officer now owns 363,565 shares in the company, valued at approximately $7,082,246.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Community Healthcare Trust Price Performance

Community Healthcare Trust stock opened at $18.95 on Friday. The firm’s fifty day moving average price is $23.60 and its 200 day moving average price is $24.95. The company has a market capitalization of $524.93 million, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.24 and a beta of 0.68. Community Healthcare Trust Incorporated has a 12-month low of $18.63 and a 12-month high of $35.67.

Community Healthcare Trust Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in Community Healthcare Trust during the 1st quarter worth approximately $34,000. Quadrant Capital Group LLC grew its position in shares of Community Healthcare Trust by 264.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,824 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,323 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Community Healthcare Trust by 25.1% in the fourth quarter. Van ECK Associates Corp now owns 3,740 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 751 shares during the last quarter. SG Americas Securities LLC raised its holdings in Community Healthcare Trust by 65.7% in the second quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 3,630 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Community Healthcare Trust by 67.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 3,260 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

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

Community Healthcare Trust Company Profile

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).