Community Healthcare Trust (NYSE:CHCT) Posts Earnings Results

Community Healthcare Trust (NYSE:CHCTGet Free Report) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05), Zacks reports. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.93%. The firm had revenue of $30.97 million for the quarter, compared to the consensus estimate of $31.77 million.

Community Healthcare Trust Trading Up 2.3%

Shares of CHCT traded up $0.35 during trading hours on Thursday, reaching $15.74. 299,827 shares of the stock traded hands, compared to its average volume of 237,007. The company has a market cap of $449.81 million, a P/E ratio of 23.49 and a beta of 0.71. The company’s 50-day moving average price is $17.96 and its two-hundred day moving average price is $17.34. Community Healthcare Trust has a 52-week low of $13.23 and a 52-week high of $19.17.

Community Healthcare Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 1,745.45%.

Institutional Trading of Community Healthcare Trust

Several institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew 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 buying an additional 6,856 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Community Healthcare Trust during the first quarter valued at about $231,000. Goldman Sachs Group Inc. grew its position 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 in the last quarter. Jane Street Group LLC increased 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 stake in shares of Community Healthcare Trust in the second quarter worth about $196,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Huntington assumed coverage on shares of Community Healthcare Trust in a report on Friday, July 17th. They set an “outperform” rating and a $20.00 target price for the company. Piper Sandler set a $17.00 price objective on shares of Community Healthcare Trust and gave the company a “neutral” rating in a research report on Thursday. Truist Financial upped their price objective on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Wall Street Zen cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings upgraded Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Community Healthcare Trust currently has a consensus rating of “Hold” and an average target price of $18.50.

Check Out Our Latest Stock Analysis on CHCT

Community Healthcare Trust Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Community Healthcare Trust (NYSE:CHCT)

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