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

Community Healthcare Trust (NYSE:CHCT) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01, Zacks reports. The company had revenue of $29.30 million for the quarter, compared to analysts’ expectations of $29.85 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock opened at $18.55 on Thursday. The company’s 50 day moving average price is $19.29 and its two-hundred day moving average price is $18.46. The firm has a market capitalization of $523.82 million, a P/E ratio of -206.10, a P/E/G ratio of 1.35 and a beta of 0.69. Community Healthcare Trust has a fifty-two week low of $15.06 and a fifty-two week high of $27.94.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a dividend of $0.4675 per share. The ex-dividend date is Monday, February 24th. 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 dividend yield of 10.08%. Community Healthcare Trust’s payout ratio is -2,066.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHCT shares. StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Truist Financial increased their price target on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler boosted their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.25.

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.