Marshall Wace LLP Trims Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Marshall Wace LLP cut its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,170 shares of the real estate investment trust's stock after selling 26,269 shares during the period. Marshall Wace LLP owned about 0.12% of Community Healthcare Trust worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Community Healthcare Trust by 58.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 360,532 shares of the real estate investment trust's stock worth $6,926,000 after acquiring an additional 133,482 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Community Healthcare Trust by 1,232.9% during the fourth quarter. Invesco Ltd. now owns 603,674 shares of the real estate investment trust's stock valued at $11,597,000 after purchasing an additional 558,384 shares in the last quarter. Graham Capital Wealth Management LLC increased its holdings in Community Healthcare Trust by 31.7% during the fourth quarter. Graham Capital Wealth Management LLC now owns 192,233 shares of the real estate investment trust's stock valued at $3,693,000 after buying an additional 46,217 shares during the period. Sei Investments Co. raised its stake in Community Healthcare Trust by 6.9% in the fourth quarter. Sei Investments Co. now owns 232,819 shares of the real estate investment trust's stock worth $4,472,000 after buying an additional 14,972 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Community Healthcare Trust by 17.3% during the 4th quarter. New York State Common Retirement Fund now owns 220,024 shares of the real estate investment trust's stock valued at $4,227,000 after acquiring an additional 32,469 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Stock Performance

CHCT stock traded up $0.11 during midday trading on Wednesday, reaching $17.11. The stock had a trading volume of 226,573 shares, compared to its average volume of 295,822. The firm has a fifty day simple moving average of $17.23 and a two-hundred day simple moving average of $18.33. The stock has a market cap of $484.86 million, a PE ratio of -74.39, a P/E/G ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a 52-week low of $14.76 and a 52-week high of $27.62.

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 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 analysts' expectations 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, sell-side analysts predict 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. Stockholders of record on Friday, May 9th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.99%. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's payout ratio is -606.45%.

Insider Buying and Selling

In other Community Healthcare Trust news, Director Cathrine Cotman purchased 3,000 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was purchased at an average price of $17.10 per share, for a total transaction of $51,300.00. Following the purchase, the director now directly owns 23,861 shares in the company, valued at approximately $408,023.10. This trade represents a 14.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.