Renaissance Technologies LLC Sells 117,510 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Renaissance Technologies LLC decreased its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 52.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,400 shares of the real estate investment trust's stock after selling 117,510 shares during the period. Renaissance Technologies LLC owned approximately 0.38% of Community Healthcare Trust worth $2,044,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CHCT. Signaturefd LLC lifted its position in 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 acquiring an additional 905 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Community Healthcare Trust in the fourth quarter worth approximately $108,000. Resona Asset Management Co. Ltd. bought a new position in shares of Community Healthcare Trust in the fourth quarter valued at approximately $186,000. SG Americas Securities LLC boosted its position in shares of Community Healthcare Trust by 10.5% during the fourth quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 1,021 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Community Healthcare Trust by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust's stock worth $210,000 after buying an additional 1,828 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Stock Up 1.2 %

CHCT stock traded up $0.19 during midday trading on Tuesday, hitting $16.20. The company's stock had a trading volume of 136,333 shares, compared to its average volume of 296,651. The stock has a market cap of $458.95 million, a price-to-earnings ratio of -70.41, a PEG ratio of 1.28 and a beta of 0.65. The stock's 50-day moving average price is $17.47 and its 200 day moving average price is $18.36. Community Healthcare Trust Incorporated has a 1 year low of $14.76 and a 1 year high of $27.62.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.61%. 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 payout ratio is -817.39%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $21.25.

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.