Community Healthcare Trust (CHCT) Set to Announce Quarterly Earnings on Tuesday

Community Healthcare Trust (NYSE:CHCT) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Community Healthcare Trust to post earnings of $0.57 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Community Healthcare Trust Price Performance

Community Healthcare Trust stock opened at $25.70 on Tuesday. Community Healthcare Trust has a 1-year low of $24.50 and a 1-year high of $37.15. The stock’s 50 day moving average price is $26.37 and its 200 day moving average price is $26.74. The company has a market cap of $711.63 million, a PE ratio of 122.38, a price-to-earnings-growth ratio of 1.36 and a beta of 0.65.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were issued a $0.458 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 7.13%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46. Community Healthcare Trust’s dividend payout ratio is currently 871.43%.

Analysts Set New Price Targets

Several analysts have issued reports on CHCT shares. Piper Sandler cut their target price on shares of 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. Evercore ISI lowered their target price on shares of Community Healthcare Trust from $32.00 to $30.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Finally, Truist Financial reduced their price target on Community Healthcare Trust from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Community Healthcare Trust has a consensus 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).