Community Healthcare Trust (NYSE:CHCT) Issues Earnings Results, Meets Estimates

Community Healthcare Trust (NYSE:CHCT) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09, FiscalAI reports. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. The company had revenue of $32.44 million during the quarter, compared to analysts’ expectations of $31.26 million.

Community Healthcare Trust Price Performance

NYSE CHCT traded down $0.16 on Tuesday, hitting $13.04. 257,608 shares of the company were exchanged, compared to its average volume of 274,604. The company’s 50 day moving average price is $13.99 and its 200-day moving average price is $16.36. Community Healthcare Trust has a twelve month low of $12.58 and a twelve month high of $19.17. The firm has a market capitalization of $373.62 million, a P/E ratio of 19.46 and a beta of 0.68.

Insider Transactions at Community Healthcare Trust

In related news, Director Robert Z. Hensley bought 8,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $15.21 per share, with a total value of $121,680.00. Following the completion of the transaction, the director directly owned 103,702 shares of the company’s stock, valued at $1,577,307.42. This trade represents a 8.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David H. Dupuy acquired 10,000 shares of Community Healthcare Trust stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $15.13 per share, with a total value of $151,300.00. Following the transaction, the chief executive officer directly owned 557,262 shares in the company, valued at approximately $8,431,374.06. This trade represents a 1.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 5.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CHCT. Truist Financial lowered their target price on Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Huntington began coverage on shares of Community Healthcare Trust in a report on Friday, July 17th. They set an “outperform” rating and a $20.00 price target for the company. Weiss Ratings downgraded Community Healthcare Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Finally, Piper Sandler reduced their price objective on shares of Community Healthcare Trust from $17.00 to $14.00 and set a “neutral” rating for the company in a research note 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.