Community Healthcare Trust (NYSE:CHCT) Announces Earnings Results

Community Healthcare Trust (NYSE:CHCT) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09, FiscalAI reports. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. The company had revenue of $32.44 million during the quarter, compared to analyst estimates of $31.26 million.

Community Healthcare Trust Stock Performance

Shares of NYSE CHCT traded down $0.16 during mid-day trading on Tuesday, reaching $13.04. The company had a trading volume of 257,608 shares, compared to its average volume of 274,603. The stock has a fifty day moving average of $13.99 and a two-hundred day moving average of $16.36. The company has a market capitalization of $373.62 million, a price-to-earnings ratio of 19.46 and a beta of 0.68. Community Healthcare Trust has a 12-month low of $12.58 and a 12-month high of $19.17.

Insider Activity at Community Healthcare Trust

In related news, Director Robert Z. Hensley acquired 8,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $15.21 per share, with a total value of $121,680.00. Following the completion of the transaction, the director owned 103,702 shares of the company’s stock, valued at approximately $1,577,307.42. This trade represents a 8.36% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David H. Dupuy acquired 10,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $15.13 per share, for a total transaction of $151,300.00. Following the completion of the transaction, the chief executive officer directly owned 557,262 shares of the company’s stock, valued at $8,431,374.06. This represents a 1.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CHCT. Truist Financial dropped their target price on shares of Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Weiss Ratings downgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 28th. Huntington started coverage on shares of Community Healthcare Trust in a research note on Friday, July 17th. They issued an “outperform” rating and a $20.00 price objective for the company. Finally, Piper Sandler decreased their price objective on shares of Community Healthcare Trust from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Community Healthcare Trust has an average rating of “Hold” and a consensus price target of $17.00.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE: CHCT) is a real estate investment trust that owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.