Community Healthcare Trust (NYSE:CHCT) Posts Quarterly Earnings Results, Beats Expectations By $0.45 EPS

Community Healthcare Trust (NYSE:CHCT) released its earnings results on Tuesday. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.11 by $0.45, Zacks reports. Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%.

Community Healthcare Trust Trading Down 2.9%

Shares of CHCT stock traded down $0.53 on Tuesday, reaching $17.73. The company had a trading volume of 501,628 shares, compared to its average volume of 228,584. The company has a 50-day moving average of $18.00 and a 200-day moving average of $17.35. Community Healthcare Trust has a 12 month low of $13.23 and a 12 month high of $19.17. The stock has a market cap of $506.67 million, a PE ratio of 161.22 and a beta of 0.71.

Analyst Ratings Changes

Several research firms recently issued reports on CHCT. Wall Street Zen cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial upped their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Huntington began coverage on shares of Community Healthcare Trust in a research note on Friday, July 17th. They issued an “outperform” rating and a $20.00 target price on the stock. Weiss Ratings upgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Finally, Piper Sandler boosted their price target on shares of Community Healthcare Trust from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.25.

Institutional Investors Weigh In On Community Healthcare Trust

Hedge funds have recently bought and sold shares of the company. Polymer Capital Management US LLC boosted its position in shares of Community Healthcare Trust by 21.0% during the fourth quarter. Polymer Capital Management US LLC now owns 25,914 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 4,504 shares in the last quarter. Odyssean LLC bought a new stake in shares of Community Healthcare Trust in the 4th quarter valued at $434,000. Millennium Management LLC increased its position in shares of Community Healthcare Trust by 19.7% in the 4th quarter. Millennium Management LLC now owns 563,209 shares of the real estate investment trust’s stock valued at $9,248,000 after buying an additional 92,538 shares in the last quarter. Engineers Gate Manager LP raised its stake in Community Healthcare Trust by 52.9% during the 4th quarter. Engineers Gate Manager LP now owns 17,492 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 6,055 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Community Healthcare Trust by 1.1% during the fourth quarter. AQR Capital Management LLC now owns 187,411 shares of the real estate investment trust’s stock worth $3,077,000 after acquiring an additional 2,052 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

About Community Healthcare Trust

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.