Community Healthcare Trust (CHCT) Projected to Post Earnings on Tuesday

Community Healthcare Trust (NYSE:CHCT) is expected to be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $29.85 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Community Healthcare Trust Stock Up 0.1 %

CHCT opened at $19.90 on Monday. The firm has a 50 day moving average price of $19.23 and a 200-day moving average price of $18.46. Community Healthcare Trust has a twelve month low of $15.06 and a twelve month high of $28.10. The stock has a market capitalization of $561.98 million, a price-to-earnings ratio of -221.11, a PEG ratio of 1.35 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a dividend yield of 9.40%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, February 24th. Community Healthcare Trust’s payout ratio is presently -2,066.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CHCT shares. StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Truist Financial boosted their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a 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 report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Community Healthcare Trust has an average rating of “Hold” and a consensus target price 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.