Community Healthcare Trust (NYSE:CHCT) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Community Healthcare Trust (NYSE:CHCT) posted its earnings results on Tuesday. The real estate investment trust reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01, Zacks reports. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%.

Community Healthcare Trust Trading Down 0.5 %

Shares of NYSE CHCT traded down $0.10 during midday trading on Tuesday, hitting $19.80. The company’s stock had a trading volume of 272,129 shares, compared to its average volume of 175,501. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $27.94. The firm has a market cap of $559.01 million, a P/E ratio of -219.94, a price-to-earnings-growth ratio of 1.35 and a beta of 0.69. The business’s 50 day moving average is $19.26 and its two-hundred day moving average is $18.46.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be given a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a dividend yield of 9.45%. The ex-dividend date is Monday, February 24th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s payout ratio is -2,066.67%.

Wall Street Analyst Weigh In

CHCT has been the topic of several recent research reports. StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Truist Financial increased their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler boosted their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.25.

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.