Cubist Systematic Strategies LLC Cuts Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Cubist Systematic Strategies LLC cut its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 58.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,744 shares of the real estate investment trust's stock after selling 157,005 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.40% of Community Healthcare Trust worth $2,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Baird Financial Group Inc. bought a new stake in Community Healthcare Trust in the 4th quarter valued at about $342,000. Algert Global LLC increased its position in Community Healthcare Trust by 82.0% in the 4th quarter. Algert Global LLC now owns 206,517 shares of the real estate investment trust's stock valued at $3,967,000 after buying an additional 93,077 shares in the last quarter. Northern Trust Corp increased its holdings in Community Healthcare Trust by 11.8% during the 4th quarter. Northern Trust Corp now owns 278,088 shares of the real estate investment trust's stock worth $5,342,000 after purchasing an additional 29,314 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Community Healthcare Trust by 15.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 21,506 shares of the real estate investment trust's stock worth $413,000 after purchasing an additional 2,883 shares in the last quarter. Finally, Quarry LP bought a new stake in Community Healthcare Trust during the 4th quarter worth approximately $88,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 shares were bought at an average cost 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 $408,023.10. This trade represents a 14.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.10% of the stock is currently owned by company insiders.

Community Healthcare Trust Stock Performance

CHCT traded up $0.44 during trading on Thursday, reaching $16.35. The stock had a trading volume of 195,947 shares, compared to its average volume of 297,556. The stock has a market cap of $463.33 million, a PE ratio of -71.09, a PEG ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a one year low of $14.76 and a one year high of $27.62. The business has a 50-day moving average of $17.00 and a 200-day moving average of $18.29.

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 earnings per share (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 analysts' expectations of $29.71 million. Equities research analysts forecast that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business 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. The ex-dividend date is Friday, May 9th. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a yield of 11.50%. Community Healthcare Trust's dividend payout ratio (DPR) is -606.45%.

Wall Street Analysts Forecast Growth

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

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.