Community Healthcare Trust (NYSE:CHCT) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Community Healthcare Trust (NYSE:CHCT) issued its earnings results on Tuesday. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01, Zacks reports. The company had revenue of $29.30 million for the quarter, compared to analysts’ expectations of $29.85 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%.

Community Healthcare Trust Stock Down 6.3 %

Shares of Community Healthcare Trust stock opened at $18.55 on Thursday. The stock has a market capitalization of $523.82 million, a price-to-earnings ratio of -206.10, a price-to-earnings-growth ratio of 1.35 and a beta of 0.69. Community Healthcare Trust has a twelve month low of $15.06 and a twelve month high of $27.94. The company has a 50-day simple moving average of $19.29 and a two-hundred day simple moving average of $18.46.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a $0.4675 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a dividend yield of 10.08%. Community Healthcare Trust’s dividend payout ratio is -2,066.67%.

Wall Street Analysts Forecast Growth

CHCT has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Truist Financial lifted their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Community Healthcare Trust presently has a consensus rating of “Hold” and a consensus target price of $21.25.

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.