Cubist Systematic Strategies LLC Has $403,000 Holdings in Community Healthcare Trust Incorporated $CHCT

Key Points

• Cubist Systematic Strategies LLC significantly reduced its stake in Community Healthcare Trust, selling 90,569 shares and owning only 22,175 shares at the end of the first quarter.
• Despite a miss on earnings per share by ($0.04) and a negative return on equity, the company announced a quarterly dividend of $0.4725, yielding 12.2%.
• Analysts have recently adjusted their ratings, with Truist Financial lowering its price target and giving it a "buy" rating, while Zacks raised the stock's rating to "hold."

Cubist Systematic Strategies LLC cut its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 80.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,175 shares of the real estate investment trust's stock after selling 90,569 shares during the quarter. Cubist Systematic Strategies LLC owned 0.08% of Community Healthcare Trust worth $403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Baird Financial Group Inc. increased its stake in shares of Community Healthcare Trust by 34.5% in the 1st quarter. Baird Financial Group Inc. now owns 23,934 shares of the real estate investment trust's stock valued at $435,000 after acquiring an additional 6,133 shares during the last quarter. Samalin Investment Counsel LLC increased its stake in shares of Community Healthcare Trust by 8.6% in the 1st quarter. Samalin Investment Counsel LLC now owns 29,274 shares of the real estate investment trust's stock valued at $532,000 after acquiring an additional 2,324 shares during the last quarter. Systematic Financial Management LP increased its stake in Community Healthcare Trust by 0.5% during the 1st quarter. Systematic Financial Management LP now owns 1,041,329 shares of the real estate investment trust's stock worth $18,911,000 after purchasing an additional 5,493 shares in the last quarter. AlphaQuest LLC increased its stake in Community Healthcare Trust by 70.0% during the 1st quarter. AlphaQuest LLC now owns 60,202 shares of the real estate investment trust's stock worth $1,093,000 after purchasing an additional 24,795 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC increased its stake in Community Healthcare Trust by 76.5% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 87,546 shares of the real estate investment trust's stock worth $1,590,000 after purchasing an additional 37,933 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

CHCT has been the subject of a number of research reports. Piper Sandler reissued an "overweight" rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Zacks Research raised Community Healthcare Trust from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Truist Financial lowered their target price on Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $18.00.

Community Healthcare Trust Price Performance

NYSE:CHCT traded down $0.11 during trading hours on Tuesday, reaching $15.34. 134,880 shares of the stock were exchanged, compared to its average volume of 163,590. Community Healthcare Trust Incorporated has a twelve month low of $14.20 and a twelve month high of $20.87. The firm has a 50 day moving average of $15.62 and a 200 day moving average of $16.48. The stock has a market cap of $435.20 million, a PE ratio of -39.33 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%.The firm had revenue of $30.13 million for the quarter, compared to analyst estimates of $30.22 million. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.4725 dividend. This represents a $1.89 annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend was Friday, August 8th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's payout ratio is currently -484.62%.

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.