Community Healthcare Trust (CHCT) to Release Quarterly Earnings on Tuesday

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

Community Healthcare Trust Price Performance

Community Healthcare Trust stock opened at $26.33 on Friday. The stock’s 50-day moving average is $26.26 and its 200-day moving average is $26.68. The company has a market cap of $729.08 million, a price-to-earnings ratio of 125.38, a price-to-earnings-growth ratio of 1.47 and a beta of 0.65. Community Healthcare Trust has a 12 month low of $24.50 and a 12 month 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. Investors of record on Friday, May 10th will be issued a dividend of $0.46 per share. This is an increase 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 of this dividend is Thursday, May 9th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 871.43%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHCT. Evercore ISI dropped their target price on Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Truist Financial dropped 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. Finally, Piper Sandler lowered their price objective on Community Healthcare Trust from $40.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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).