Community Healthcare Trust (NYSE:CHCT) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Community Healthcare Trust (NYSE:CHCT) released its earnings results on Tuesday. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05), FiscalAI reports. The company had revenue of $30.95 million during the quarter, compared to analysts’ expectations of $31.33 million. Community Healthcare Trust had a negative net margin of 6.27% and a negative return on equity of 1.66%.

Community Healthcare Trust Price Performance

Community Healthcare Trust stock traded up $0.34 during midday trading on Tuesday, hitting $17.98. 443,535 shares of the company were exchanged, compared to its average volume of 216,017. The company has a market cap of $511.97 million, a PE ratio of -44.95 and a beta of 0.75. Community Healthcare Trust has a fifty-two week low of $13.23 and a fifty-two week high of $19.99. The company’s fifty day moving average price is $16.71 and its 200-day moving average price is $15.55.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, February 23rd will be issued a dividend of $0.4775 per share. This represents a $1.91 annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Monday, February 23rd. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.48. Community Healthcare Trust’s dividend payout ratio (DPR) is -477.50%.

Institutional Investors Weigh In On Community Healthcare Trust

A number of large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in Community Healthcare Trust during the 4th quarter worth $49,000. Quadrant Capital Group LLC increased its position 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 worth $74,000 after acquiring an additional 4,107 shares during the last quarter. BNP Paribas Financial Markets increased its position 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 worth $90,000 after acquiring an additional 3,470 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Community Healthcare Trust in the second quarter worth about $114,000. Finally, Martingale Asset Management L P purchased a new position in Community Healthcare Trust in the fourth quarter valued at about $166,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHCT has been the subject of a number of research analyst reports. Truist Financial upped their price objective on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Community Healthcare Trust in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.50.

Community Healthcare Trust Company Profile

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.