Community Healthcare Trust (NYSE:CHCT) Issues Quarterly Earnings Results, Misses Estimates By $0.39 EPS

Community Healthcare Trust (NYSE:CHCT) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39), Zacks reports. The firm had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same quarter in the prior year, the business earned $0.63 EPS.

Community Healthcare Trust Trading Down 1.9 %

Shares of NYSE:CHCT traded down $0.35 during trading on Friday, hitting $18.41. 255,176 shares of the company’s stock traded hands, compared to its average volume of 279,167. Community Healthcare Trust has a 52 week low of $15.06 and a 52 week high of $29.16. The company has a market cap of $519.90 million, a price-to-earnings ratio of -204.56, a price-to-earnings-growth ratio of 1.31 and a beta of 0.69. The company has a 50-day moving average price of $17.42 and a 200-day moving average price of $21.26.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 10.10%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s payout ratio is -2,055.56%.

Analyst Upgrades and Downgrades

CHCT has been the topic of a number of recent analyst reports. Robert W. Baird reduced their target price on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Truist Financial reduced their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Piper Sandler raised their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday. StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Finally, Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.00.

Insider Activity

In other Community Healthcare Trust news, Director Robert Z. Hensley acquired 6,500 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the acquisition, the director now directly owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Robert Z. Hensley bought 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $19.50 per share, with a total value of $126,750.00. Following the transaction, the director now owns 70,670 shares in the company, valued at $1,378,065. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David H. Dupuy bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the transaction, the chief executive officer now owns 363,565 shares in the company, valued at $7,082,246.20. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by company insiders.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.