Community Healthcare Trust (CHCT) to Release Earnings on Tuesday

Community Healthcare Trust (NYSE:CHCT) is set to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Community Healthcare Trust to post earnings of $0.43 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Community Healthcare Trust Trading Down 1.8 %

CHCT stock opened at $17.43 on Tuesday. Community Healthcare Trust has a 1-year low of $15.06 and a 1-year high of $29.16. The firm has a market cap of $482.83 million, a P/E ratio of 27.23, a P/E/G ratio of 1.13 and a beta of 0.69. The business’s 50 day moving average is $17.60 and its 200-day moving average is $21.75.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.4625 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.85 annualized dividend and a dividend yield of 10.61%. The ex-dividend date of this dividend was Friday, August 9th. Community Healthcare Trust’s dividend payout ratio is currently 289.06%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial reduced their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Piper Sandler reduced their target price on Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. StockNews.com downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Finally, Robert W. Baird reduced their target price on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.75.

Community Healthcare Trust Company Profile

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.