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

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

Community Healthcare Trust Stock Down 0.5 %

Shares of CHCT stock opened at $19.80 on Wednesday. The firm’s 50 day moving average price is $19.28 and its two-hundred day moving average price is $18.46. Community Healthcare Trust has a 52-week low of $15.06 and a 52-week high of $27.94.

Community Healthcare Trust Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHCT. Piper Sandler boosted their target price 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. StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Finally, Truist Financial increased their price objective on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Community Healthcare Trust currently has an average rating of “Hold” and an average price target 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.