Community Healthcare Trust (NYSE:CHCT) Posts Earnings Results, Misses Estimates By $0.03 EPS

Community Healthcare Trust (NYSE:CHCT) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03), FiscalAI reports. Community Healthcare Trust had a net margin of 4.21% and a return on equity of 1.16%. The business had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.03 million.

Community Healthcare Trust Stock Up 2.8%

Shares of CHCT traded up $0.48 during trading hours on Tuesday, reaching $17.65. 265,717 shares of the company traded hands, compared to its average volume of 249,614. The stock has a market capitalization of $504.15 million, a P/E ratio of 252.12 and a beta of 0.73. Community Healthcare Trust has a 12-month low of $13.23 and a 12-month high of $18.22. The business has a fifty day moving average price of $16.68 and a 200-day moving average price of $16.19.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 11th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.9%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, May 11th. Community Healthcare Trust’s dividend payout ratio is presently 2,728.57%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Truist Financial decreased their price target on shares of Community Healthcare Trust from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Wall Street Zen raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Evercore set a $17.00 price objective on shares of Community Healthcare Trust in a research note on Thursday, February 19th. Finally, Zacks Research lowered shares of Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.00.

Institutional Investors Weigh In On Community Healthcare Trust

Large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in shares of Community Healthcare Trust during the fourth quarter valued at $49,000. Quadrant Capital Group LLC grew its holdings in shares of Community Healthcare Trust by 992.0% during the fourth quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 4,107 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Community Healthcare Trust by 143.6% during the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 3,470 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Community Healthcare Trust during the second quarter valued at $114,000. Finally, Martingale Asset Management L P acquired a new position in Community Healthcare Trust during the fourth quarter valued at $166,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

About Community Healthcare Trust

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.