Community Healthcare Trust Incorporated (NYSE:CHCT) Holdings Trimmed by CastleKnight Management LP

CastleKnight Management LP reduced its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,100 shares of the real estate investment trust's stock after selling 16,100 shares during the period. CastleKnight Management LP owned approximately 0.12% of Community Healthcare Trust worth $674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kennedy Capital Management LLC raised its holdings in shares of Community Healthcare Trust by 23.3% in the 4th quarter. Kennedy Capital Management LLC now owns 717,342 shares of the real estate investment trust's stock worth $13,780,000 after purchasing an additional 135,462 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Community Healthcare Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 678,505 shares of the real estate investment trust's stock valued at $13,037,000 after buying an additional 3,988 shares in the last quarter. Invesco Ltd. increased its holdings 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. JPMorgan Chase & Co. lifted its position in shares of Community Healthcare Trust by 24.4% during the 4th quarter. JPMorgan Chase & Co. now owns 403,945 shares of the real estate investment trust's stock valued at $7,760,000 after acquiring an additional 79,116 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $6,926,000 after purchasing an additional 133,482 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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 stock. According to data from MarketBeat, Community Healthcare Trust presently has an average rating of "Hold" and a consensus target price of $21.25.

Insider Activity at Community Healthcare Trust

In other Community Healthcare Trust news, Director Cathrine Cotman acquired 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was purchased 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 owns 23,861 shares of the company's stock, valued at approximately $408,023.10. This trade represents a 14.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by company insiders.

Community Healthcare Trust Price Performance

NYSE:CHCT opened at $17.02 on Wednesday. The stock has a market cap of $482.31 million, a PE ratio of -74.00, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a fifty-two week low of $14.76 and a fifty-two week high of $27.62. The stock's 50-day moving average is $17.26 and its two-hundred day moving average is $18.33.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. The company had revenue of $29.73 million during the quarter, compared to the consensus estimate of $29.71 million. On average, 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 declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 11.05%. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, May 9th. Community Healthcare Trust's payout ratio is currently -606.45%.

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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