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

by · The Markets Daily

Community Healthcare Trust (NYSE:CHCT – Get Free Report) announced 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. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The company had revenue of $29.64 million for the quarter, compared to analysts’ expectations of $29.06 million. During the same quarter in the prior year, the firm earned $0.63 EPS.

Community Healthcare Trust Stock Performance

Shares of NYSE CHCT traded down $0.35 during midday trading on Friday, reaching $18.41. The stock had a trading volume of 255,176 shares, compared to its average volume of 279,167. The company has a market capitalization 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. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $29.16. The stock has a 50-day moving average of $17.42 and a 200-day moving average of $21.26.

Community Healthcare Trust Increases Dividend

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CHCT. Truist Financial lowered their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and lowered their price objective for the company from $21.00 to $18.00 in a research note on Monday, September 16th. StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Piper Sandler lifted their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Robert W. Baird cut their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Community Healthcare Trust has a consensus rating of “Hold” and an average price target of $21.00.

Read Our Latest Research Report on Community Healthcare Trust

About Community Healthcare Trust

(Get Free Report)

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.

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