Community Healthcare Trust (NYSE:CHCT) Releases Quarterly Earnings Results, Misses Expectations By $0.39 EPS

02 Nov 2024, 02:24 by Mitch Edgeman · The Markets Daily

Community Healthcare Trust (NYSE:CHCT – Get Free Report) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.39), Zacks reports. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The business had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. During the same period in the prior year, the company posted $0.63 earnings per share.

Community Healthcare Trust Stock Down 1.9 %

Community Healthcare Trust stock traded down $0.35 during mid-day trading on Friday, hitting $18.41. 255,176 shares of the company were exchanged, compared to its average volume of 279,167. The business has a fifty day moving average of $17.42 and a 200 day moving average of $21.26. Community Healthcare Trust has a 1-year low of $15.06 and a 1-year high of $29.16. The company has a market capitalization of $519.90 million, a PE ratio of -204.56, a price-to-earnings-growth ratio of 1.31 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.465 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 annualized dividend and a yield of 10.10%. The ex-dividend date of this dividend is Friday, November 8th. Community Healthcare Trust’s dividend payout ratio is currently -2,055.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial reduced their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Robert W. Baird reduced their target price on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. 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 research report on Monday, September 16th. Finally, StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.00.

Get Our Latest Stock Analysis on Community Healthcare Trust

Insiders Place Their Bets

In related news, Director Robert Z. Hensley acquired 6,500 shares of the company’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $19.50 per share, for a total transaction of $126,750.00. Following the completion of the purchase, the director now directly owns 70,670 shares of the company’s stock, valued at $1,378,065. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Community Healthcare Trust news, CEO David H. Dupuy bought 10,000 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the purchase, the chief executive officer now owns 363,565 shares in the company, valued at $7,082,246.20. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Z. Hensley bought 6,500 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $19.50 per share, with a total value of $126,750.00. Following the completion of the purchase, the director now owns 70,670 shares of the company’s stock, valued at $1,378,065. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company’s stock.

Community Healthcare Trust Company Profile

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