Bridgeway Capital Management LLC Sells 85,000 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Bridgeway Capital Management LLC decreased its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 61.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 54,210 shares of the real estate investment trust's stock after selling 85,000 shares during the period. Bridgeway Capital Management LLC owned about 0.19% of Community Healthcare Trust worth $1,041,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its position 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 buying an additional 905 shares during the last quarter. SG Americas Securities LLC raised its stake in Community Healthcare Trust by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust's stock valued at $207,000 after acquiring an additional 1,021 shares during the period. Rhumbline Advisers raised its stake in Community Healthcare Trust by 2.4% in the 4th quarter. Rhumbline Advisers now owns 47,909 shares of the real estate investment trust's stock valued at $920,000 after acquiring an additional 1,125 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Community Healthcare Trust by 9.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,936 shares of the real estate investment trust's stock valued at $383,000 after acquiring an additional 1,751 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Community Healthcare Trust by 20.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust's stock valued at $210,000 after acquiring an additional 1,828 shares during the period. Institutional investors own 87.84% of the company's stock.

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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $21.25.

Community Healthcare Trust Price Performance

NYSE CHCT traded down $0.37 on Wednesday, reaching $15.88. The stock had a trading volume of 256,976 shares, compared to its average volume of 297,962. The firm has a fifty day moving average of $17.05 and a two-hundred day moving average of $18.31. Community Healthcare Trust Incorporated has a 1-year low of $14.76 and a 1-year high of $27.62. The company has a market cap of $450.01 million, a P/E ratio of -69.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. 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 $29.73 million for the quarter, compared to analyst estimates of $29.71 million. Research analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders 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 yield of 11.84%. This is a positive change 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 is currently -606.45%.

Insider Activity

In other news, Director Cathrine Cotman acquired 3,000 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was acquired at an average price of $17.10 per share, with a total value of $51,300.00. Following the completion of the transaction, the director now directly owns 23,861 shares of the company's stock, valued at $408,023.10. This trade represents a 14.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is owned by company insiders.

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.