Balyasny Asset Management L.P. Lowers Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Balyasny Asset Management L.P. cut its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 83.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,201 shares of the real estate investment trust's stock after selling 498,228 shares during the quarter. Balyasny Asset Management L.P. owned about 0.36% of Community Healthcare Trust worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Community Healthcare Trust by 136.1% during the 4th 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 during the period. Quarry LP acquired a new position in Community Healthcare Trust during the 4th quarter worth about $88,000. KLP Kapitalforvaltning AS acquired a new position in Community Healthcare Trust during the 4th quarter worth about $108,000. Resona Asset Management Co. Ltd. acquired a new position in Community Healthcare Trust during the 4th quarter worth about $186,000. Finally, SG Americas Securities LLC lifted its stake in 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 currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Price Performance

CHCT stock opened at $16.30 on Tuesday. The firm has a market capitalization of $461.94 million, a P/E ratio of -70.87, a P/E/G ratio of 1.28 and a beta of 0.74. The business's 50-day moving average is $17.10 and its two-hundred day moving average is $18.33. 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $29.73 million for the quarter, compared to analyst estimates of $29.71 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. On average, analysts expect that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.88 dividend on an annualized basis and a yield of 11.53%. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio (DPR) is currently -606.45%.

Insider Buying and Selling at Community Healthcare Trust

In other Community Healthcare Trust news, Director Cathrine Cotman bought 3,000 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were acquired at an average price of $17.10 per share, with a total value of $51,300.00. Following the transaction, the director now 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 filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note 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's stock. Based on data from MarketBeat.com, Community Healthcare Trust currently has an average rating of "Hold" and an average target price 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.

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