Community Healthcare Trust (CHCT) Scheduled to Post Quarterly Earnings on Tuesday

Community Healthcare Trust (NYSE:CHCT) is set to issue its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Community Healthcare Trust Stock Up 3.8 %

CHCT opened at $27.14 on Monday. The stock has a fifty day moving average of $23.88 and a 200-day moving average of $25.23. The firm has a market capitalization of $751.78 million, a P/E ratio of 42.41, a PEG ratio of 1.65 and a beta of 0.68. Community Healthcare Trust has a 12-month low of $22.03 and a 12-month high of $36.71.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.4625 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 6.82%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio is presently 287.50%.

Analysts Set New Price Targets

CHCT has been the subject of a number of research analyst reports. Truist Financial reduced their target price on Community Healthcare Trust from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, June 17th. Evercore ISI cut their target price on Community Healthcare Trust from $29.00 to $27.00 and set an “in-line” rating on the stock in a report on Tuesday, July 16th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $26.00 price target (down from $36.00) on shares of Community Healthcare Trust in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and a consensus target price of $27.67.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).