Community Healthcare Trust (NYSE:CHCT) Issues Earnings Results

Key Points

• Quarterly earnings matched expectations: Community Healthcare Trust reported EPS of $0.09, in line with consensus, while revenue of $32.44 million exceeded the $31.26 million estimate.
• Shares fell 1.2% to $13.04 on Tuesday. Analysts’ average rating is Hold, with a $17 price target; recent target changes included cuts from Truist Financial and Piper Sandler.
• CEO David H. Dupuy and Director Robert Z. Hensley bought 10,000 and 8,000 shares, respectively, in disclosed transactions.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) released its earnings results on Tuesday. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09, FiscalAI reports. The firm had revenue of $32.44 million during the quarter, compared to the consensus estimate of $31.26 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%.

Community Healthcare Trust Stock Down 1.2%

NYSE:CHCT traded down $0.16 during trading hours on Tuesday, reaching $13.04. 257,608 shares of the company's stock were exchanged, compared to its average volume of 274,603. The company has a market capitalization of $373.62 million, a P/E 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. The business's 50-day simple moving average is $13.99 and its two-hundred day simple moving average is $16.36.

Insider Activity at Community Healthcare Trust

In related news, CEO David H. Dupuy acquired 10,000 shares of the business's stock in a transaction dated Friday, August 14th. The stock was bought at an average price of $15.13 per share, for a total transaction of $151,300.00. Following the transaction, the chief executive officer owned 557,262 shares of the company's stock, valued at approximately $8,431,374.06. The trade was a 1.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Z. Hensley acquired 8,000 shares of Community Healthcare Trust stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $15.21 per share, with a total value of $121,680.00. Following the completion of the purchase, the director owned 103,702 shares in the company, valued at approximately $1,577,307.42. This represents a 8.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 5.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CHCT shares. Weiss Ratings cut Community Healthcare Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 28th. Huntington began 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. Truist Financial decreased their target price on Community Healthcare Trust from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Friday, October 9th. Finally, Piper Sandler lowered their target price on Community Healthcare Trust from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, October 12th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $17.00.

About Community Healthcare Trust

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.

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