Point72 Asia Singapore Pte. Ltd. Sells 21,886 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Point72 Asia Singapore Pte. Ltd. reduced its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 55.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,897 shares of the real estate investment trust's stock after selling 21,886 shares during the period. Point72 Asia Singapore Pte. Ltd. owned 0.06% of Community Healthcare Trust worth $344,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CHCT. Barclays PLC increased its stake in shares of Community Healthcare Trust by 159.1% in the third quarter. Barclays PLC now owns 42,054 shares of the real estate investment trust's stock worth $762,000 after purchasing an additional 25,826 shares in the last quarter. SG Americas Securities LLC boosted its holdings 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 worth $207,000 after buying an additional 1,021 shares during the period. Graham Capital Wealth Management LLC grew its stake in Community Healthcare Trust by 31.7% in the 4th quarter. Graham Capital Wealth Management LLC now owns 192,233 shares of the real estate investment trust's stock valued at $3,693,000 after buying an additional 46,217 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Community Healthcare Trust by 10.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 37,843 shares of the real estate investment trust's stock valued at $694,000 after acquiring an additional 3,473 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Community Healthcare Trust by 2.4% during the fourth quarter. Rhumbline Advisers now owns 47,909 shares of the real estate investment trust's stock worth $920,000 after acquiring an additional 1,125 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Community Healthcare Trust Trading Down 2.2%

Shares of CHCT traded down $0.37 during mid-day trading on Wednesday, reaching $16.23. 27,006 shares of the stock traded hands, compared to its average volume of 296,693. The company has a market cap of $459.90 million, a price-to-earnings ratio of -70.50, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a 1 year low of $14.76 and a 1 year high of $27.62. The firm has a fifty day moving average price of $16.87 and a 200 day moving average price of $18.25.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $29.73 million during 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, sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed 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 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. This represents a $1.88 annualized dividend and a dividend yield of 11.58%. Community Healthcare Trust's payout ratio is presently -606.45%.

Insider Buying and Selling

In related news, Director Cathrine Cotman acquired 3,000 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was bought at an average cost of $17.10 per share, with a total value of $51,300.00. Following the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is 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.