Community Healthcare Trust (CHCT) Set to Announce 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 Stock Performance

Shares of CHCT stock opened at $17.62 on Friday. The company has a market cap of $488.09 million, a P/E ratio of 27.53, a PEG ratio of 1.13 and a beta of 0.69. The stock has a 50 day simple moving average of $17.49 and a two-hundred day simple moving average of $21.47. Community Healthcare Trust has a fifty-two week low of $15.06 and a fifty-two week high of $29.16.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.465 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 dividend on an annualized basis and a yield of 10.56%. The ex-dividend date of this dividend is Friday, November 8th. Community Healthcare Trust’s payout ratio is presently 289.06%.

Wall Street Analyst Weigh In

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

Insider Activity at Community Healthcare Trust

In related news, CEO David H. Dupuy bought 10,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 363,565 shares in the company, valued at approximately $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Community Healthcare Trust news, Director Robert Z. Hensley acquired 6,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $19.50 per share, with a total value 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. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David H. Dupuy acquired 10,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was acquired 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 of the company’s stock, valued at approximately $7,082,246.20. 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 owned by insiders.

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.