Algert Global LLC Has $3.97 Million Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Algert Global LLC lifted its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 82.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,517 shares of the real estate investment trust's stock after buying an additional 93,077 shares during the period. Algert Global LLC owned about 0.73% of Community Healthcare Trust worth $3,967,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its stake in shares of Community Healthcare Trust by 1,232.9% in the fourth quarter. Invesco Ltd. now owns 603,674 shares of the real estate investment trust's stock valued at $11,597,000 after buying an additional 558,384 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in Community Healthcare Trust by 23.3% during 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. Charles Schwab Investment Management Inc. grew its holdings in Community Healthcare Trust by 58.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 360,532 shares of the real estate investment trust's stock valued at $6,926,000 after purchasing an additional 133,482 shares during the period. JPMorgan Chase & Co. raised its position in shares of Community Healthcare Trust by 24.4% during the fourth quarter. JPMorgan Chase & Co. now owns 403,945 shares of the real estate investment trust's stock worth $7,760,000 after purchasing an additional 79,116 shares during the period. Finally, LDR Capital Management LLC lifted its position in Community Healthcare Trust by 135.6% in the 4th quarter. LDR Capital Management LLC now owns 81,808 shares of the real estate investment trust's stock valued at $1,572,000 after acquiring an additional 47,088 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.25.

Community Healthcare Trust Stock Performance

NYSE:CHCT traded up $0.11 during mid-day trading on Monday, hitting $16.19. The stock had a trading volume of 64,658 shares, compared to its average volume of 229,323. The company's 50 day simple moving average is $17.15 and its 200 day simple moving average is $18.33. The stock has a market cap of $458.65 million, a price-to-earnings ratio of -70.37, a PEG ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a twelve month low of $14.76 and a twelve month high of $27.62.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released 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. The firm had revenue of $29.73 million during the quarter, compared to analysts' expectations of $29.71 million. 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 year.

Community Healthcare Trust Increases Dividend

The company 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 dividend of $0.47 per share. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a yield of 11.62%. The ex-dividend date is Friday, May 9th. Community Healthcare Trust's dividend payout ratio (DPR) is presently -606.45%.

Insider Activity

In related news, Director Cathrine Cotman acquired 3,000 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was purchased at an average cost of $17.10 per share, with a total value of $51,300.00. Following the acquisition, the director now directly owns 23,861 shares of the company's stock, valued at approximately $408,023.10. The trade was a 14.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is currently owned by company insiders.

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.