Boothbay Fund Management LLC Has $399,000 Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Boothbay Fund Management LLC lowered its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 52.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,793 shares of the real estate investment trust's stock after selling 23,395 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.07% of Community Healthcare Trust worth $399,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CHCT. Signaturefd LLC raised its stake in shares of Community Healthcare Trust by 136.1% in the fourth 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 during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Community Healthcare Trust in the fourth quarter worth $108,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Community Healthcare Trust during the fourth quarter worth $186,000. SG Americas Securities LLC increased its stake in shares of Community Healthcare Trust by 10.5% in 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 in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Community Healthcare Trust by 20.1% during the 4th 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.

Analyst Upgrades and Downgrades

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

Insider Activity at Community Healthcare Trust

In other Community Healthcare Trust news, Director Cathrine Cotman purchased 3,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was bought at an average cost of $17.10 per share, for a total transaction of $51,300.00. Following the completion of the acquisition, the director now directly owns 23,861 shares of the company's stock, valued at $408,023.10. The trade was a 14.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.10% of the company's stock.

Community Healthcare Trust Trading Up 0.4 %

Shares of CHCT traded up $0.07 on Monday, reaching $17.08. 174,605 shares of the company's stock were exchanged, compared to its average volume of 295,713. The business has a 50 day moving average price of $17.32 and a two-hundred day moving average price of $18.35. Community Healthcare Trust Incorporated has a 12 month low of $14.76 and a 12 month high of $27.62. The stock has a market capitalization of $484.06 million, a P/E ratio of -74.27, a price-to-earnings-growth ratio of 1.28 and a beta of 0.65.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced 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 business had revenue of $29.73 million during the quarter, compared to analysts' expectations of $29.71 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. Equities research analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS 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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.01%. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date is Friday, May 9th. Community Healthcare Trust's dividend payout ratio (DPR) is currently -606.45%.

About Community Healthcare Trust

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.