Community Healthcare Trust (CHCT) to Release Earnings on Tuesday

Community Healthcare Trust (NYSE:CHCT) is scheduled to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock opened at $26.33 on Monday. The stock has a market cap of $729.10 million, a P/E ratio of 125.38, a P/E/G ratio of 1.51 and a beta of 0.65. The stock’s 50 day simple moving average is $26.26 and its 200-day simple moving average is $26.67. Community Healthcare Trust has a 1-year low of $24.50 and a 1-year high of $37.15.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.46 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46. This represents a $1.84 annualized dividend and a dividend yield of 6.99%. The ex-dividend date is Thursday, May 9th. Community Healthcare Trust’s payout ratio is currently 876.19%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHCT shares. Truist Financial lowered their target price on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Evercore ISI reduced their price target on shares of Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Finally, Piper Sandler reduced their price target on shares of Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.67.

Community Healthcare Trust Company Profile

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).