BlackRock Inc. acquired 2,637,919 shares of Community Healthcare Trust Inc.
The investment totals approximately $48.22 million.
This purchase gives BlackRock a 9.23% stake in the real estate investment trust.
Institutional investors and hedge funds now control 87.84% of the company.
Community Healthcare Trust reported quarterly earnings of $0.06 per share.
This figure missed the $0.11 analyst estimate.
The company also recently adjusted its dividend.
The CEO and a director purchased additional shares following the earnings report.
Analysts currently maintain a consensus Hold rating on the stock.