Community Healthcare Trust (NYSE:CHCT) Issues Earnings Results

Key Points

• Community Healthcare Trust reported earnings of $0.50 per share, missing the consensus estimate of $0.54 by $0.04, with a notable negative return on equity of 1.10%.
• The company announced an increase in its quarterly dividend to $0.4725 per share, resulting in an annualized yield of 11.63%.
• Analysts have mixed views on the stock, with Piper Sandler lowering its target price from $19.00 to $18.00, and the stock currently has a consensus target price of $21.00.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04), Zacks reports. The company had revenue of $30.13 million during the quarter, compared to analyst estimates of $30.22 million. Community Healthcare Trust had a negative net margin of 6.25% and a negative return on equity of 1.59%.

Community Healthcare Trust Stock Performance

Shares of NYSE CHCT traded down $0.03 during trading hours on Friday, hitting $15.34. 277,302 shares of the stock were exchanged, compared to its average volume of 260,507. The company's fifty day simple moving average is $16.60 and its two-hundred day simple moving average is $17.47. The company has a market cap of $435.15 million, a PE ratio of -39.33 and a beta of 0.69. Community Healthcare Trust has a 1-year low of $14.76 and a 1-year high of $20.87.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.4725 per share. The ex-dividend date is Friday, August 8th. This represents a $1.89 annualized dividend and a dividend yield of 12.3%. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio (DPR) is -484.62%.

Insiders Place Their Bets

In other Community Healthcare Trust news, Director Horn R. Lawrence Van bought 11,815 shares of Community Healthcare Trust stock in a transaction on Wednesday, May 28th. The shares were purchased at an average price of $16.37 per share, with a total value of $193,411.55. Following the acquisition, the director owned 88,502 shares in the company, valued at $1,448,777.74. This trade represents a 15.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is owned by insiders.

Institutional Trading of Community Healthcare Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised its stake in Community Healthcare Trust by 339.7% during the first quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust's stock worth $1,630,000 after acquiring an additional 69,343 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Community Healthcare Trust by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 252,492 shares of the real estate investment trust's stock valued at $4,585,000 after purchasing an additional 3,697 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Community Healthcare Trust in the first quarter valued at approximately $231,000. Finally, AQR Capital Management LLC grew its stake in shares of Community Healthcare Trust by 18.6% during the first quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust's stock worth $793,000 after buying an additional 6,856 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler lowered their price target on shares of Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd.

Community Healthcare Trust Company Profile

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.