Community Healthcare Trust Incorporated (NYSE:CHCT) Director Claire M. Gulmi Purchases 2,042 Shares of Stock

Community Healthcare Trust Incorporated (NYSE:CHCT – Get Rating) Director Claire M. Gulmi bought 2,042 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were acquired at an average price of $36.77 per share, with a total value of $75,084.34. Following the completion of the acquisition, the director now directly owns 26,140 shares in the company, valued at approximately $961,167.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Community Healthcare Trust Stock Performance

Community Healthcare Trust stock opened at $35.05 on Tuesday. Community Healthcare Trust Incorporated has a 1 year low of $30.38 and a 1 year high of $43.88. The firm has a 50 day moving average price of $40.04 and a 200 day moving average price of $36.39. The company has a market cap of $912.00 million, a price-to-earnings ratio of 42.74, a PEG ratio of 1.51 and a beta of 0.73.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st were issued a $0.4475 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 5.11%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 17th. Community Healthcare Trust’s payout ratio is presently 218.30%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CHCT. Piper Sandler raised their target price on shares of Community Healthcare Trust from $41.00 to $45.00 in a report on Tuesday, January 17th. TheStreet upgraded shares of Community Healthcare Trust from a “c+” rating to a “b-” rating in a report on Friday, January 13th. Robert W. Baird raised their target price on shares of Community Healthcare Trust from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Janney Montgomery Scott upgraded shares of Community Healthcare Trust from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a report on Friday, January 13th. Finally, Truist Financial lifted their price target on shares of Community Healthcare Trust from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 17th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.43.

Institutional Investors Weigh In On Community Healthcare Trust

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Community Healthcare Trust by 3.1% in the first quarter. Vanguard Group Inc. now owns 2,878,051 shares of the real estate investment trust’s stock valued at $121,483,000 after purchasing an additional 85,404 shares during the period. State Street Corp lifted its position in Community Healthcare Trust by 1.9% during the second quarter. State Street Corp now owns 1,530,691 shares of the real estate investment trust’s stock valued at $55,426,000 after buying an additional 28,387 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Community Healthcare Trust by 0.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,061,674 shares of the real estate investment trust’s stock valued at $38,008,000 after buying an additional 8,827 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Community Healthcare Trust by 1.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,057,058 shares of the real estate investment trust’s stock valued at $38,276,000 after buying an additional 10,517 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Community Healthcare Trust by 134.2% during the fourth quarter. Millennium Management LLC now owns 714,109 shares of the real estate investment trust’s stock valued at $25,565,000 after buying an additional 409,213 shares in the last quarter. 87.68% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Company Profile

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Community Healthcare Trust, Inc engages in the acquisition of real estate properties that are leased to hospitals, doctors, healthcare systems, and other healthcare services providers. It invests in healthcare properties including outpatient treatment and diagnostic facilities, urgent care centers, acute care hospitals, ambulatory surgery centers, assisted living and long-term care facilities, medical office buildings, clinics, specialty hospitals and treatment centers.