Community Healthcare Trust (NYSE:CHCT – Get 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
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
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.
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