Community Healthcare Trust (CHCT) IPO Prices at $19, Low End of Expected Range
Get Alerts CHCT Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 11.2%
EPS Growth %: +300.0%
Join SI Premium – FREE
Community Healthcare Trust Incorporated (NYSE: CHCT) announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a public offering price of $19 per share, the low end of the expected $19-$21 range. In addition, the Company has granted the underwriters a 30-day option to purchase from the Company up to an additional 937,500 shares of its common stock at the initial public offering price per share. The shares are expected to begin trading on the New York Stock Exchange on May 21, 2015, under the ticker symbol "CHCT."
Sandler O'Neill + Partners, L.P., Evercore Group L.L.C., and SunTrust Robinson Humphrey, Inc., are acting as joint book-running managers of the underwriters for the offering. Janney Montgomery Scott LLC, Oppenheimer & Co. Inc. and BB&T Capital Markets are acting as co-lead managers for the offering.
Community Healthcare Trust Incorporated is a fully-integrated healthcare real estate company that was recently organized as a Maryland corporation to acquire and own properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in Non-Urban markets.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Barrick Mining said to delay IPO of American gold business to 2027
- Barrick Is Said to Weigh Delaying North America Gold IPO to 2027 - Bloomberg
- UiPath names new CFO and adds board member amid leadership reshuffle
Create E-mail Alert Related Categories
IPOsRelated Entities
Sandler O'Neill, Janney Montgomery Scott, SunTrust Robinson Humphrey, BB&T Capital Markets, Definitive Agreement, IPOSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share