Community Healthcare Trust (NYSE:CHCT) Issues Earnings Results, Misses Estimates By $0.05 EPS

Community Healthcare Trust (NYSE:CHCT) released its earnings results on Tuesday. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05), FiscalAI reports. The company had revenue of $30.95 million during the quarter, compared to analysts’ expectations of $31.33 million. Community Healthcare Trust had a negative return on equity of 1.66% and a negative net margin of 6.27%.

Community Healthcare Trust Trading Up 1.9%

Shares of CHCT stock traded up $0.34 during trading hours on Tuesday, reaching $17.98. 443,539 shares of the stock were exchanged, compared to its average volume of 216,017. The firm has a market capitalization of $511.97 million, a price-to-earnings ratio of -44.95 and a beta of 0.75. Community Healthcare Trust has a 12-month low of $13.23 and a 12-month high of $19.99. The company’s 50-day moving average price is $16.71 and its 200-day moving average price is $15.55.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd will be issued a $0.4775 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, February 23rd. This represents a $1.91 annualized dividend and a dividend yield of 10.6%. Community Healthcare Trust’s dividend payout ratio (DPR) is -477.50%.

Institutional Investors Weigh In On Community Healthcare Trust

Several hedge funds and other institutional investors have recently modified their holdings of CHCT. AQR Capital Management LLC boosted its holdings in Community Healthcare Trust by 18.6% during the 1st quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust’s stock valued at $793,000 after acquiring an additional 6,856 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Community Healthcare Trust during the first quarter valued at $231,000. Goldman Sachs Group Inc. boosted its stake in shares of Community Healthcare Trust by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 252,492 shares of the real estate investment trust’s stock valued at $4,585,000 after purchasing an additional 3,697 shares during the period. Jane Street Group LLC grew its holdings in shares of Community Healthcare Trust by 339.7% in the first quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock worth $1,630,000 after purchasing an additional 69,343 shares during the last quarter. Finally, Creative Planning purchased a new position in Community Healthcare Trust in the 2nd quarter worth about $196,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CHCT. Zacks Research upgraded Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Community Healthcare Trust in a report on Wednesday, January 21st. Finally, Truist Financial increased their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.50.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.