Community Healthcare Trust (NYSE:CHCT) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Community Healthcare Trust (NYSE:CHCT) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05), Zacks reports. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.93%. The company had revenue of $30.97 million for the quarter, compared to the consensus estimate of $31.77 million.

Community Healthcare Trust Trading Up 1.9%

NYSE CHCT traded up $0.29 on Thursday, hitting $15.69. 262,718 shares of the company traded hands, compared to its average volume of 236,481. The company has a market capitalization of $448.12 million, a price-to-earnings ratio of 23.36 and a beta of 0.71. The business’s 50 day moving average price is $17.96 and its 200-day moving average price is $17.34. Community Healthcare Trust has a 52-week low of $13.23 and a 52-week high of $19.17.

Community Healthcare Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 1,745.45%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in Community Healthcare Trust by 13.5% in the 3rd quarter. Creative Planning now owns 13,345 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 1,589 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Community Healthcare Trust by 4.5% in the second quarter. Orion Porfolio Solutions LLC now owns 38,361 shares of the real estate investment trust’s stock worth $638,000 after buying an additional 1,640 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Community Healthcare Trust by 4.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 39,832 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 1,710 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Community Healthcare Trust by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 23,324 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 1,711 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Community Healthcare Trust by 1.1% during the fourth quarter. AQR Capital Management LLC now owns 187,411 shares of the real estate investment trust’s stock valued at $3,077,000 after buying an additional 2,052 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CHCT shares. Piper Sandler set a $17.00 target price on shares of Community Healthcare Trust in a research note on Thursday. Wall Street Zen downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Huntington started coverage on Community Healthcare Trust in a report on Friday, July 17th. They issued an “outperform” rating and a $20.00 price objective for the company. Weiss Ratings upgraded Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Finally, Truist Financial increased their target price on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.50.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.