Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 66.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,968 shares of the real estate investment trust's stock after selling 51,663 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.09% of Community Healthcare Trust worth $499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHCT. Systematic Financial Management LP increased its position in Community Healthcare Trust by 25.0% during the third quarter. Systematic Financial Management LP now owns 936,753 shares of the real estate investment trust's stock worth $17,002,000 after purchasing an additional 187,510 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Community Healthcare Trust by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 674,517 shares of the real estate investment trust's stock worth $12,245,000 after buying an additional 9,256 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Community Healthcare Trust by 1,395.6% during the 3rd quarter. Jane Street Group LLC now owns 492,063 shares of the real estate investment trust's stock worth $8,931,000 after buying an additional 459,163 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Community Healthcare Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 227,050 shares of the real estate investment trust's stock worth $4,121,000 after buying an additional 10,824 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its holdings in Community Healthcare Trust by 18.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 223,052 shares of the real estate investment trust's stock valued at $4,048,000 after acquiring an additional 35,352 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

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Community Healthcare Trust Trading Down 0.7 %

Shares of CHCT traded down $0.14 during midday trading on Thursday, reaching $18.43. 153,461 shares of the company were exchanged, compared to its average volume of 272,143. Community Healthcare Trust Incorporated has a 1-year low of $15.06 and a 1-year high of $27.62. The stock has a 50-day moving average price of $19.35 and a 200-day moving average price of $18.46. The company has a market cap of $522.40 million, a price-to-earnings ratio of -80.07, a P/E/G ratio of 1.28 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. The firm had revenue of $29.30 million for the quarter, compared to analyst estimates of $29.85 million. Equities research analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $0.4675 dividend. The ex-dividend date was Monday, February 24th. 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 10.14%. Community Healthcare Trust's dividend payout ratio is -813.04%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHCT. Truist Financial upped their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. StockNews.com upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $21.25.

Community Healthcare Trust Company 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.