Cubist Systematic Strategies LLC Has $2.17 Million Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Cubist Systematic Strategies LLC lessened its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 58.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 112,744 shares of the real estate investment trust’s stock after selling 157,005 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Community Healthcare Trust were worth $2,166,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Signaturefd LLC grew its stake in 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 valued at $30,000 after buying 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 approximately $88,000. KLP Kapitalforvaltning AS bought a new position in shares of Community Healthcare Trust during the fourth quarter worth approximately $108,000. Resona Asset Management Co. Ltd. acquired a new stake in Community Healthcare Trust during the 4th quarter worth approximately $186,000. Finally, SG Americas Securities LLC boosted its stake in Community Healthcare Trust by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 1,021 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Trading Down 4.1%

Shares of NYSE:CHCT opened at $16.09 on Monday. The firm has a 50 day moving average of $17.15 and a 200-day moving average of $18.33. Community Healthcare Trust Incorporated has a 12 month low of $14.76 and a 12 month high of $27.62. The stock has a market capitalization of $455.96 million, a PE ratio of -69.96, a PEG ratio of 1.28 and a beta of 0.74.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data 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. 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 return on equity of 0.65% and a negative net margin of 2.75%. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.88 dividend on an annualized basis and a yield of 11.68%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s payout ratio is currently -606.45%.

Analysts Set New Price Targets

Separately, StockNews.com 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.25.

Insiders Place Their Bets

In related news, Director Cathrine Cotman acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The stock was acquired at an average cost of $17.10 per share, for a total transaction of $51,300.00. Following the completion of the acquisition, the director now directly owns 23,861 shares of the company’s stock, valued at approximately $408,023.10. This trade represents a 14.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 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.