Community Healthcare Trust (NYSE:CHCT) Issues Earnings Results, Beats Estimates By $0.45 EPS

Community Healthcare Trust (NYSE:CHCT) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.45, Zacks reports. Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%.

Community Healthcare Trust Stock Down 2.9%

CHCT stock traded down $0.53 during trading on Tuesday, reaching $17.73. 505,771 shares of the company’s stock were exchanged, compared to its average volume of 228,584. Community Healthcare Trust has a 1-year low of $13.23 and a 1-year high of $19.17. The firm has a market cap of $506.67 million, a PE ratio of 161.22 and a beta of 0.71. The company’s fifty day moving average price is $18.00 and its 200-day moving average price is $17.35.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHCT. Truist Financial boosted their price target on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. Wall Street Zen downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Piper Sandler boosted their target price on shares of Community Healthcare Trust from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Finally, Huntington initiated coverage on shares of Community Healthcare Trust in a research report on Friday, July 17th. They issued an “outperform” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.25.

Institutional Investors Weigh In On Community Healthcare Trust

A number of hedge funds and other institutional investors have recently modified their holdings of CHCT. Dynamic Technology Lab Private Ltd bought a new stake in shares of Community Healthcare Trust during the 4th quarter worth about $258,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Community Healthcare Trust in the fourth quarter valued at approximately $249,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Community Healthcare Trust by 18.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 20,220 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 3,093 shares in the last quarter. Creative Planning increased its stake in shares of Community Healthcare Trust by 13.5% during the third quarter. Creative Planning now owns 13,345 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 1,589 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of Community Healthcare Trust by 24.9% during the third quarter. Intech Investment Management LLC now owns 13,687 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 2,726 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.