Community Healthcare Trust (NYSE:CHCT) Announces Earnings Results

Community Healthcare Trust (NYSE:CHCT) announced its 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. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The firm had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.06 million. During the same period in the previous year, the business posted $0.63 earnings per share.

Community Healthcare Trust Trading Down 1.9 %

CHCT traded down $0.35 on Friday, hitting $18.41. 255,176 shares of the company’s stock traded hands, compared to its average volume of 279,167. The company’s 50 day simple moving average is $17.42 and its 200-day simple moving average is $21.26. Community Healthcare Trust has a one year low of $15.06 and a one year high of $29.16. The firm has a market cap of $519.90 million, a price-to-earnings ratio of -204.56, a P/E/G ratio of 1.31 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders 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. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 10.10%. Community Healthcare Trust’s dividend payout ratio is -2,055.56%.

Analyst Ratings Changes

CHCT has been the topic of several recent research reports. Truist Financial decreased their price target on shares of 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 lifted their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price target for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. Robert W. Baird lowered their price objective 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, StockNews.com downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Insiders Place Their Bets

In related news, CEO David H. Dupuy bought 10,000 shares of the 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 completion of the acquisition, the chief executive officer now owns 363,565 shares of the company’s stock, valued at $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert Z. Hensley purchased 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was bought 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 approximately $1,378,065. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David H. Dupuy acquired 10,000 shares of Community Healthcare Trust stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the purchase, the chief executive officer now owns 363,565 shares in the company, valued at approximately $7,082,246.20. The trade was 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 currently owned by corporate 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.