Community Healthcare Trust Incorporated (NYSE:CHCT) Stock Position Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 74.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,298 shares of the real estate investment trust's stock after selling 17,928 shares during the quarter. BNP Paribas Financial Markets' holdings in Community Healthcare Trust were worth $121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHCT. Signaturefd LLC increased its position in shares of Community Healthcare Trust by 136.1% in the 4th quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 905 shares during the last quarter. Quarry LP bought a new position in shares of Community Healthcare Trust during the fourth quarter worth about $88,000. KLP Kapitalforvaltning AS acquired a new position in Community Healthcare Trust in the fourth quarter worth about $108,000. Resona Asset Management Co. Ltd. bought a new stake in Community Healthcare Trust in the fourth quarter valued at about $186,000. Finally, SG Americas Securities LLC increased its holdings in 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 during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Horn R. Lawrence Van bought 11,815 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was purchased at an average price of $16.37 per share, for a total transaction of $193,411.55. Following the transaction, the director now owns 88,502 shares in the company, valued at approximately $1,448,777.74. This trade represents a 15.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cathrine Cotman purchased 3,000 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were acquired at an average cost of $17.10 per share, for a total transaction 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 disclosure for this purchase can be found here. Corporate insiders own 5.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CHCT. Wall Street Zen raised Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Piper Sandler dropped their price target on Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $21.00.

Community Healthcare Trust Price Performance

Shares of NYSE:CHCT traded down $0.02 during trading on Wednesday, reaching $16.35. 266,597 shares of the company's stock traded hands, compared to its average volume of 298,882. The stock has a market capitalization of $463.33 million, a P/E ratio of -71.09, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a 12 month low of $14.76 and a 12 month high of $27.62. The company has a 50 day moving average of $16.41 and a 200-day moving average of $18.05.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate 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 company had revenue of $29.73 million during the quarter, compared to analyst estimates of $29.71 million. Equities research analysts predict that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.47 per share. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 9th. This represents a $1.88 annualized dividend and a dividend yield of 11.50%. Community Healthcare Trust's payout ratio is -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.