Community Healthcare Trust (NYSE:CHCT) Issues Quarterly Earnings Results

Community Healthcare Trust (NYSE:CHCT) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09, FiscalAI reports. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. The firm had revenue of $32.44 million during the quarter, compared to analysts’ expectations of $31.26 million.

Community Healthcare Trust Trading Down 1.2%

NYSE CHCT opened at $13.04 on Wednesday. The stock’s 50 day moving average is $13.95 and its two-hundred day moving average is $16.35. The company has a market capitalization of $373.57 million, a price-to-earnings ratio of 19.46 and a beta of 0.68. Community Healthcare Trust has a 1-year low of $12.58 and a 1-year high of $19.17.

Community Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Friday, November 13th. Community Healthcare Trust’s payout ratio is presently 197.01%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Huntington initiated coverage on Community Healthcare Trust in a research report on Friday, July 17th. They set an “outperform” rating and a $20.00 price objective on the stock. Piper Sandler reduced their target price on Community Healthcare Trust from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Truist Financial reduced their target price on Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Finally, Weiss Ratings downgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Community Healthcare Trust presently has an average rating of “Hold” and an average price target of $17.00.

Insider Buying and Selling

In related news, CEO David H. Dupuy bought 10,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $15.13 per share, with a total value of $151,300.00. Following the acquisition, the chief executive officer owned 557,262 shares in the company, valued at approximately $8,431,374.06. This represents a 1.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Z. Hensley bought 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $15.21 per share, with a total value of $121,680.00. Following the transaction, the director directly owned 103,702 shares in the company, valued at $1,577,307.42. This trade represents a 8.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 5.30% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE: CHCT) is a real estate investment trust that owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.