Community Healthcare Trust (NYSE:CHCT) Releases Quarterly Earnings Results, Meets Expectations

Community Healthcare Trust (NYSE:CHCT) issued its earnings results on Tuesday. The real estate investment trust reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09, FiscalAI reports. Community Healthcare Trust had a return on equity of 5.31% and a net margin of 17.76%. The firm had revenue of $32.44 million for the quarter, compared to the consensus estimate of $31.26 million.

Community Healthcare Trust Price Performance

Shares of NYSE:CHCT opened at $14.53 on Thursday. Community Healthcare Trust has a fifty-two week low of $12.58 and a fifty-two week high of $19.17. The business has a 50-day moving average of $13.94 and a two-hundred day moving average of $16.33. The stock has a market capitalization of $416.14 million, a P/E ratio of 19.90 and a beta of 0.68.

Community Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 13th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.1%. Community Healthcare Trust’s payout ratio is currently 197.01%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHCT. Truist Financial lowered their price target on Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Piper Sandler reduced their target price on shares of Community Healthcare Trust from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Huntington assumed coverage on shares of Community Healthcare Trust in a research report on Friday, July 17th. They issued an “outperform” rating and a $20.00 target price for the company. Finally, Weiss Ratings downgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.00.

Insider Activity

In related news, Director Robert Z. Hensley bought 8,000 shares of Community Healthcare Trust stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $15.21 per share, for a total transaction of $121,680.00. Following the acquisition, the director owned 103,702 shares in the company, valued at $1,577,307.42. This trade represents a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David H. Dupuy acquired 10,000 shares of Community Healthcare Trust stock in a transaction dated Friday, August 14th. The stock was purchased at an average price of $15.13 per share, with a total value of $151,300.00. Following the completion of the purchase, the chief executive officer directly owned 557,262 shares of the company’s stock, valued at $8,431,374.06. The trade was a 1.83% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 5.30% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE: CHCT) is a real estate investment trust that owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.