Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 84.1% in the 4th quarter, HoldingsChannel reports. The fund owned 5,199 shares of the real estate investment trust’s stock after selling 27,568 shares during the period. Quantbot Technologies LP’s holdings in Community Healthcare Trust were worth $100,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Community Healthcare Trust by 136.1% during the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 905 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Community Healthcare Trust by 11.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 840 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Community Healthcare Trust during the 3rd quarter worth about $198,000. Point72 DIFC Ltd purchased a new position in shares of Community Healthcare Trust in the 3rd quarter valued at about $201,000. Finally, SG Americas Securities LLC raised its position in shares of Community Healthcare Trust by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 1,021 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock opened at $18.19 on Tuesday. The firm’s fifty day simple moving average is $19.08 and its 200-day simple moving average is $18.51. Community Healthcare Trust Incorporated has a 12 month low of $15.06 and a 12 month high of $27.62. The stock has a market capitalization of $515.51 million, a price-to-earnings ratio of -79.09, a PEG ratio of 1.28 and a beta of 0.75.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. The business had revenue of $29.30 million during the quarter, compared to analysts’ expectations of $29.85 million. Analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.4675 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a dividend yield of 10.28%. The ex-dividend date was Monday, February 24th. Community Healthcare Trust’s dividend payout ratio (DPR) is -813.04%.

Analyst Ratings Changes

CHCT has been the subject of a number of research analyst reports. Truist Financial upped their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.25.

About Community Healthcare Trust

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.