Community Healthcare Trust (NYSE:CHCT) Posts Quarterly Earnings Results, Misses Expectations By $0.39 EPS

Community Healthcare Trust (NYSE:CHCT) announced its earnings results on Tuesday. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39), Zacks reports. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The business had revenue of $29.64 million for the quarter, compared to analysts’ expectations of $29.06 million. During the same period in the prior year, the business earned $0.63 earnings per share.

Community Healthcare Trust Stock Down 1.9 %

Shares of NYSE CHCT traded down $0.35 during trading hours on Friday, reaching $18.41. 255,176 shares of the stock traded hands, compared to its average volume of 279,167. The company has a market capitalization of $519.90 million, a P/E ratio of -204.56, a price-to-earnings-growth ratio of 1.31 and a beta of 0.69. Community Healthcare Trust has a 52-week low of $15.06 and a 52-week high of $29.16. The company’s 50-day simple moving average is $17.42 and its two-hundred day simple moving average is $21.26.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 10.10%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, November 8th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently -2,055.56%.

Insider Activity at Community Healthcare Trust

In related news, CEO David H. Dupuy purchased 10,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $19.48 per share, with a total value of $194,800.00. Following the purchase, the chief executive officer now directly owns 363,565 shares of the company’s stock, valued at approximately $7,082,246.20. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other Community Healthcare Trust news, CEO David H. Dupuy acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the transaction, the chief executive officer now owns 363,565 shares in the company, valued at $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Z. Hensley acquired 6,500 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the completion of the transaction, the director now owns 70,670 shares in the company, valued at approximately $1,378,065. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

CHCT has been the subject of several research analyst reports. Truist Financial decreased their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Robert W. Baird cut their price target on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Piper Sandler raised their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday. StockNews.com downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Finally, Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and cut their target price for the stock from $21.00 to $18.00 in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Community Healthcare Trust has a consensus rating of “Hold” and an average target price of $21.00.

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.