Timothy G. Wallace Buys 10,016 Shares of Community Healthcare Trust Incorporated (CHCT) Stock

Community Healthcare Trust Incorporated (NYSE:CHCT) CEO Timothy G. Wallace acquired 10,016 shares of the stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of $26.85 per share, with a total value of $268,929.60. Following the transaction, the chief executive officer now owns 428,060 shares of the company’s stock, valued at $11,493,411. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Community Healthcare Trust Incorporated (CHCT) traded up $0.36 during mid-day trading on Thursday, reaching $26.86. The company’s stock had a trading volume of 109,857 shares, compared to its average volume of 96,778. Community Healthcare Trust Incorporated has a 1 year low of $21.33 and a 1 year high of $29.16. The stock has a market capitalization of $481.73 and a P/E ratio of 18.23.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date was Thursday, November 16th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.39. Community Healthcare Trust’s payout ratio is 718.18%.

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its position in Community Healthcare Trust by 20.9% during the first quarter. Bank of America Corp DE now owns 5,141 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 888 shares during the period. UBS Group AG grew its position in Community Healthcare Trust by 3.9% during the first quarter. UBS Group AG now owns 6,357 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 238 shares during the period. Susquehanna International Group LLP purchased a new stake in Community Healthcare Trust during the second quarter valued at about $201,000. First Allied Advisory Services Inc. purchased a new stake in Community Healthcare Trust during the third quarter valued at about $214,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Community Healthcare Trust during the second quarter valued at about $204,000. 85.49% of the stock is owned by hedge funds and other institutional investors.

CHCT has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. BidaskClub downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, ValuEngine downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.50.

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About Community Healthcare Trust

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.

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