Community Healthcare Trust (NYSE:CHCT) Issues Quarterly Earnings Results

Community Healthcare Trust (NYSE:CHCT) issued 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 Stock Down 0.5 %

Shares of NYSE CHCT traded down $0.10 during mid-day trading on Tuesday, reaching $19.80. 272,129 shares of the company were exchanged, compared to its average volume of 175,501. The firm has a 50-day moving average of $19.26 and a 200 day moving average of $18.46. Community Healthcare Trust has a 1 year low of $15.06 and a 1 year high of $27.94. The stock has a market cap of $559.01 million, a price-to-earnings ratio of -219.94, a P/E/G ratio of 1.35 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

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

Analysts Set New Price Targets

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

About Community Healthcare Trust

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.