Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,108 shares of the real estate investment trust’s stock after selling 1,801 shares during the period. Rhumbline Advisers owned approximately 0.16% of Community Healthcare Trust worth $837,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of Community Healthcare Trust by 136.1% in the 4th quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 905 shares during the period. Quarry LP acquired a new position in shares of Community Healthcare Trust in the 4th quarter valued at $88,000. KLP Kapitalforvaltning AS acquired a new position in shares of Community Healthcare Trust in the 4th quarter valued at $108,000. GAMMA Investing LLC boosted its position in shares of Community Healthcare Trust by 2,866.5% in the 1st quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 6,335 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Community Healthcare Trust in the 4th quarter valued at $163,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price target on Community Healthcare Trust from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Trading Down 0.3%

Shares of NYSE CHCT opened at $16.75 on Friday. Community Healthcare Trust Incorporated has a one year low of $14.76 and a one year high of $27.62. The firm has a market capitalization of $474.55 million, a PE ratio of -54.01 and a beta of 0.73. The business has a 50-day moving average price of $16.40 and a two-hundred day moving average price of $17.89.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Community Healthcare Trust had a negative return on equity of 1.10% and a negative net margin of 4.51%. The firm had revenue of $29.73 million during the quarter, compared to analyst estimates of $29.71 million. Research analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, May 9th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.88 dividend on an annualized basis and a yield of 11.23%. Community Healthcare Trust’s dividend payout ratio (DPR) is presently -606.45%.

Insiders Place Their Bets

In other news, Director Cathrine Cotman purchased 3,000 shares of Community Healthcare Trust stock in a transaction dated Wednesday, April 30th. The stock was acquired at an average cost of $17.10 per share, for a total transaction of $51,300.00. Following the acquisition, the director now directly owns 23,861 shares in the company, valued at $408,023.10. This represents a 14.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Horn R. Lawrence Van purchased 11,815 shares of Community Healthcare Trust stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average price of $16.37 per share, with a total value of $193,411.55. Following the completion of the acquisition, the director now owns 88,502 shares in the company, valued at $1,448,777.74. The trade was a 15.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.10% of the company’s stock.

Community Healthcare Trust Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.