Two Sigma Investments LP Grows Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

Two Sigma Investments LP boosted its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 31.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,843 shares of the real estate investment trust's stock after purchasing an additional 68,996 shares during the period. Two Sigma Investments LP owned about 1.03% of Community Healthcare Trust worth $5,606,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CHCT. Signaturefd LLC boosted its holdings in Community Healthcare Trust by 136.1% in the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 905 shares in the last quarter. Quarry LP bought a new stake in Community Healthcare Trust in the fourth quarter worth $88,000. KLP Kapitalforvaltning AS bought a new stake in Community Healthcare Trust in the fourth quarter worth $108,000. Lazard Asset Management LLC bought a new stake in Community Healthcare Trust in the fourth quarter worth $163,000. Finally, Resona Asset Management Co. Ltd. bought a new stake in Community Healthcare Trust in the fourth quarter worth $186,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Stock Performance

Shares of CHCT stock traded down $0.05 during mid-day trading on Friday, hitting $16.36. The company's stock had a trading volume of 269,167 shares, compared to its average volume of 298,647. Community Healthcare Trust Incorporated has a 52-week low of $14.76 and a 52-week high of $27.62. The business has a 50-day moving average price of $16.52 and a 200 day moving average price of $18.09. The stock has a market cap of $463.61 million, a price-to-earnings ratio of -71.13, a PEG ratio of 1.28 and a beta of 0.74.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping 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 firm had revenue of $29.73 million during the quarter, compared to analysts' expectations of $29.71 million. 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.47 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.88 annualized dividend and a dividend yield of 11.49%. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's payout ratio is currently -606.45%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHCT. Piper Sandler dropped their target price on Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Wall Street Zen 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $21.00.

Insider Transactions at Community Healthcare Trust

In other news, Director Horn R. Lawrence Van bought 11,815 shares of the stock in a transaction on Wednesday, May 28th. The shares were bought at an average price of $16.37 per share, with a total value of $193,411.55. Following the completion of the acquisition, the director now owns 88,502 shares in the company, valued at $1,448,777.74. The trade was a 15.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cathrine Cotman bought 3,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was purchased 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 $408,023.10. This trade represents a 14.38% increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.10% of the company's stock.

Community Healthcare Trust 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.