Community Healthcare Trust (NYSE:CHCT) Issues Earnings Results

Community Healthcare Trust (NYSE:CHCT) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03), FiscalAI reports. Community Healthcare Trust had a net margin of 4.21% and a return on equity of 1.16%. The company had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $31.03 million.

Community Healthcare Trust Price Performance

CHCT traded up $0.48 on Tuesday, reaching $17.65. 265,717 shares of the company’s stock were exchanged, compared to its average volume of 249,614. Community Healthcare Trust has a twelve month low of $13.23 and a twelve month high of $18.22. The stock has a market cap of $504.15 million, a PE ratio of 252.12 and a beta of 0.73. The stock’s fifty day moving average price is $16.68 and its 200-day moving average price is $16.19.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 11th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, May 11th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. This represents a $1.92 dividend on an annualized basis and a yield of 10.9%. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 2,728.57%.

Institutional Trading of Community Healthcare Trust

Hedge funds have recently bought and sold shares of the business. Polymer Capital Management US LLC lifted its stake in Community Healthcare Trust by 21.0% in the 4th 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 purchased a new stake in shares of Community Healthcare Trust in the fourth quarter valued at approximately $434,000. Millennium Management LLC increased its holdings in shares of Community Healthcare Trust by 19.7% in the fourth quarter. Millennium Management LLC now owns 563,209 shares of the real estate investment trust’s stock valued at $9,248,000 after purchasing an additional 92,538 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Community Healthcare Trust by 52.9% in the fourth quarter. Engineers Gate Manager LP now owns 17,492 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 6,055 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position 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 buying an additional 2,052 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CHCT has been the subject of several research analyst reports. Piper Sandler upped their price target on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Weiss Ratings upgraded Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 18th. Wall Street Zen upgraded Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Evercore set a $17.00 target price on Community Healthcare Trust in a report on Thursday, February 19th. Finally, Zacks Research lowered Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

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.