Community Healthcare Trust (NYSE:CHCT) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.32), Fidelity Earnings reports. The business had revenue of $14.32 million during the quarter, compared to analysts’ expectations of $14.50 million. Community Healthcare Trust had a return on equity of 1.45% and a net margin of 7.86%.
Community Healthcare Trust stock traded up $1.09 during mid-day trading on Wednesday, reaching $42.74. 93,031 shares of the stock traded hands, compared to its average volume of 124,332. The firm has a market capitalization of $797.59 million, a PE ratio of 26.88 and a beta of 0.73. Community Healthcare Trust has a 12-month low of $27.54 and a 12-month high of $43.09. The firm’s 50-day simple moving average is $40.47.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a dividend of $0.412 per share. This represents a $1.65 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Thursday, August 15th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 103.14%.
In related news, Director Horn R. Lawrence Van sold 4,053 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $37.74, for a total transaction of $152,960.22. Following the completion of the sale, the director now owns 19,439 shares in the company, valued at $733,627.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in Community Healthcare Trust in the first quarter worth about $28,926,000. Millennium Management LLC increased its position in Community Healthcare Trust by 21.6% in the fourth quarter. Millennium Management LLC now owns 352,314 shares of the real estate investment trust’s stock worth $10,157,000 after buying an additional 62,504 shares in the last quarter. Bank of New York Mellon Corp increased its position in Community Healthcare Trust by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 343,702 shares of the real estate investment trust’s stock worth $9,908,000 after buying an additional 6,038 shares in the last quarter. Northern Trust Corp increased its position in Community Healthcare Trust by 3.6% in the fourth quarter. Northern Trust Corp now owns 253,343 shares of the real estate investment trust’s stock worth $7,303,000 after buying an additional 8,809 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. purchased a new stake in Community Healthcare Trust in the first quarter worth about $7,365,000. Institutional investors own 88.89% of the company’s stock.
CHCT has been the subject of a number of research reports. Berenberg Bank initiated coverage on Community Healthcare Trust in a research report on Tuesday, April 23rd. They set a “buy” rating and a $41.00 price objective for the company. Robert W. Baird initiated coverage on Community Healthcare Trust in a research report on Tuesday, April 9th. They set an “outperform” rating and a $35.05 price objective for the company. Zacks Investment Research upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Janney Montgomery Scott cut Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Community Healthcare Trust presently has an average rating of “Hold” and a consensus price target of $36.84.
About Community Healthcare Trust
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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