Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report) 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
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.
View Our Latest Research Report on Community Healthcare Trust
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).
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