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

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

Community Healthcare Trust Stock Performance

Shares of Community Healthcare Trust stock traded up $0.34 on Tuesday, reaching $17.98. 443,535 shares of the company were exchanged, compared to its average volume of 216,017. The firm has a market cap of $511.97 million, a price-to-earnings ratio of -44.95 and a beta of 0.75. Community Healthcare Trust has a 1-year low of $13.23 and a 1-year high of $19.99. The company’s 50-day moving average is $16.71 and its two-hundred day moving average is $15.55.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders 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%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, February 23rd. Community Healthcare Trust’s dividend payout ratio is currently -477.50%.

Institutional Investors Weigh In On Community Healthcare Trust

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Community Healthcare Trust by 2.5% during the third quarter. Vanguard Group Inc. now owns 2,804,298 shares of the real estate investment trust’s stock valued at $42,906,000 after acquiring an additional 67,241 shares during the period. Invesco Ltd. increased its stake in shares of Community Healthcare Trust by 38.9% in the third quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock valued at $16,221,000 after purchasing an additional 297,179 shares during the period. Kennedy Capital Management LLC boosted its position in shares of Community Healthcare Trust by 66.0% during the third quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock worth $12,339,000 after buying an additional 320,546 shares during the period. Focus Partners Wealth boosted its position in shares of Community Healthcare Trust by 0.7% during the third quarter. Focus Partners Wealth now owns 743,324 shares of the real estate investment trust’s stock worth $11,373,000 after buying an additional 5,000 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Community Healthcare Trust by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 741,982 shares of the real estate investment trust’s stock worth $12,186,000 after buying an additional 14,044 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CHCT shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Community Healthcare Trust in a report on Wednesday, January 21st. Truist Financial lifted their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Zacks Research upgraded Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.50.

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.