Community Healthcare Trust Incorporated (NYSE:CHCT) Holdings Cut by Millennium Management LLC

Millennium Management LLC cut its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 601,836 shares of the real estate investment trust's stock after selling 23,220 shares during the period. Millennium Management LLC owned approximately 2.13% of Community Healthcare Trust worth $11,561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CHCT. Signaturefd LLC lifted its stake in Community Healthcare Trust by 136.1% during the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 905 shares during the last quarter. Quarry LP acquired a new stake in Community Healthcare Trust during the fourth quarter valued at approximately $88,000. KLP Kapitalforvaltning AS acquired a new stake in Community Healthcare Trust during the fourth quarter valued at approximately $108,000. Lazard Asset Management LLC acquired a new stake in Community Healthcare Trust during the fourth quarter valued at approximately $163,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in Community Healthcare Trust during the fourth quarter valued at approximately $186,000. 87.84% of the stock is currently owned by institutional investors.

Insider Activity at Community Healthcare Trust

In other news, Director Cathrine Cotman purchased 3,000 shares of Community Healthcare Trust stock in a transaction that occurred on Wednesday, April 30th. The stock was acquired at an average price of $17.10 per share, for a total transaction of $51,300.00. Following the transaction, the director now owns 23,861 shares in the company, valued at $408,023.10. The trade was a 14.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 5.10% of the stock is owned by insiders.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT traded up $0.15 during mid-day trading on Thursday, hitting $16.43. The stock had a trading volume of 16,103 shares, compared to its average volume of 224,747. The company has a market cap of $465.59 million, a PE ratio of -71.46, a P/E/G 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's 50 day moving average is $16.59 and its 200-day moving average is $18.14.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its quarterly 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. The business had revenue of $29.73 million during the quarter, compared to the consensus estimate of $29.71 million. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. On average, equities research analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS 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. Investors of record on Friday, May 9th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 11.44%. The ex-dividend date was Friday, May 9th. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio is -606.45%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Piper Sandler cut their target price on shares of Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Community Healthcare Trust presently has an average rating of "Hold" and an average price target of $21.00.

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.