Jump Financial LLC trimmed its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 65.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,368 shares of the real estate investment trust's stock after selling 49,204 shares during the quarter. Jump Financial LLC owned about 0.09% of Community Healthcare Trust worth $507,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Kennedy Capital Management LLC lifted its position in Community Healthcare Trust by 23.3% in the fourth quarter. Kennedy Capital Management LLC now owns 717,342 shares of the real estate investment trust's stock worth $13,780,000 after buying an additional 135,462 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Community Healthcare Trust by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 678,505 shares of the real estate investment trust's stock worth $13,037,000 after acquiring an additional 3,988 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Community Healthcare Trust by 1,232.9% during the 4th quarter. Invesco Ltd. now owns 603,674 shares of the real estate investment trust's stock worth $11,597,000 after purchasing an additional 558,384 shares during the period. JPMorgan Chase & Co. grew its holdings in Community Healthcare Trust by 24.4% during the 4th quarter. JPMorgan Chase & Co. now owns 403,945 shares of the real estate investment trust's stock valued at $7,760,000 after purchasing an additional 79,116 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Community Healthcare Trust by 58.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 360,532 shares of the real estate investment trust's stock worth $6,926,000 after purchasing an additional 133,482 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.
Community Healthcare Trust Stock Up 0.8 %
NYSE:CHCT traded up $0.13 during midday trading on Tuesday, hitting $16.14. The stock had a trading volume of 53,834 shares, compared to its average volume of 296,334. The stock has a 50-day moving average of $17.47 and a 200 day moving average of $18.36. The company has a market capitalization of $457.25 million, a price-to-earnings ratio of -70.15, a PEG ratio of 1.28 and a beta of 0.65. Community Healthcare Trust Incorporated has a one year low of $14.76 and a one year high of $27.62.
Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $29.30 million for the quarter, compared to analysts' expectations of $29.85 million. On average, sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.
Community Healthcare Trust Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 11.65%. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio (DPR) is -817.39%.
Analyst Ratings Changes
Separately, StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.25.
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About Community Healthcare Trust
(
Free Report)
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.
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