Community Healthcare Trust (NYSE:CHCT) Issues Quarterly Earnings Results

Community Healthcare Trust (NYSE:CHCT) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39), Zacks reports. The business had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same period in the prior year, the business earned $0.63 EPS.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock traded down $0.35 during midday trading on Friday, reaching $18.41. The company had a trading volume of 255,176 shares, compared to its average volume of 279,167. The stock has a fifty day moving average price of $17.42 and a 200 day moving average price of $21.26. The firm has a market cap of $519.90 million, a PE ratio of -204.56, a P/E/G ratio of 1.31 and a beta of 0.69. Community Healthcare Trust has a fifty-two week low of $15.06 and a fifty-two week high of $29.16.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.465 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 dividend on an annualized basis and a dividend yield of 10.10%. The ex-dividend date is Friday, November 8th. Community Healthcare Trust’s payout ratio is currently -2,055.56%.

Analyst Ratings Changes

Several research firms have weighed in on CHCT. Truist Financial lowered their price objective on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Piper Sandler raised their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday. StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Robert W. Baird decreased their target price on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and cut their price target for the company from $21.00 to $18.00 in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.00.

Insider Buying and Selling

In other Community Healthcare Trust news, Director Robert Z. Hensley purchased 6,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $19.50 per share, with a total value of $126,750.00. Following the completion of the purchase, the director now owns 70,670 shares in the company, valued at $1,378,065. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert Z. Hensley acquired 6,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the completion of the acquisition, the director now directly owns 70,670 shares in the company, valued at $1,378,065. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David H. Dupuy acquired 10,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $19.48 per share, with a total value of $194,800.00. Following the acquisition, the chief executive officer now owns 363,565 shares of the company’s stock, valued at approximately $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is owned by insiders.

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.