Community Healthcare Trust (CHCT) to Release Quarterly Earnings on Tuesday

Community Healthcare Trust (NYSE:CHCT) is set to announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Community Healthcare Trust Price Performance

Shares of CHCT opened at $17.62 on Monday. The company has a 50-day simple moving average of $17.49 and a two-hundred day simple moving average of $21.45. The firm has a market capitalization of $488.09 million, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.13 and a beta of 0.69. Community Healthcare Trust has a one year low of $15.06 and a one year high of $29.16.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 10.56%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 289.06%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CHCT. Piper Sandler decreased their price objective on Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and lowered their price target for the company from $21.00 to $18.00 in a research report on Monday, September 16th. Truist Financial cut their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Robert W. Baird lowered their target price on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, StockNews.com downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.75.

Insiders Place Their Bets

In other news, CEO David H. Dupuy acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was 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 directly owns 363,565 shares in the company, valued at approximately $7,082,246.20. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other Community Healthcare Trust news, CEO David H. Dupuy acquired 10,000 shares of Community Healthcare Trust stock in a transaction that occurred on Monday, August 5th. The stock was 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 of the company’s stock, valued at $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Z. Hensley bought 6,500 shares of the stock in a transaction on Monday, August 5th. The shares were bought at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the purchase, the director now directly owns 70,670 shares in the company, valued at approximately $1,378,065. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company’s stock.

About Community Healthcare Trust

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.