Community Healthcare Trust (CHCT) to Release Quarterly Earnings on Tuesday

Community Healthcare Trust (NYSE:CHCT - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Community Healthcare Trust to post earnings of $0.57 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Community Healthcare Trust Price Performance

NYSE CHCT traded up $0.27 during mid-day trading on Tuesday, hitting $25.97. The stock had a trading volume of 93,504 shares, compared to its average volume of 179,953. The firm's 50 day moving average is $26.36 and its 200 day moving average is $26.72. Community Healthcare Trust has a twelve month low of $24.50 and a twelve month high of $37.15. The stock has a market capitalization of $719.11 million, a price-to-earnings ratio of 123.67, a PEG ratio of 1.36 and a beta of 0.65.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were paid a $0.458 dividend. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.46. This represents a $1.83 annualized dividend and a yield of 7.05%. The ex-dividend date was Friday, February 16th. Community Healthcare Trust's dividend payout ratio is currently 871.43%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CHCT shares. Truist Financial dropped their target price on Community Healthcare Trust from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 16th. Piper Sandler dropped their target price on Community Healthcare Trust from $40.00 to $36.00 and set an "overweight" rating for the company in a report on Friday, March 22nd. Finally, Evercore ISI dropped their target price on Community Healthcare Trust from $32.00 to $30.00 and set an "in-line" rating for the company in a report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $33.67.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).