Community Healthcare Trust (NYSE:CHCT) Posts Earnings Results, Beats Estimates By $0.01 EPS

Community Healthcare Trust (NYSE:CHCT - Get Free Report) announced its earnings results on Tuesday. The real estate investment trust reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01, Zacks reports. The firm had revenue of $29.30 million for the quarter, compared to the consensus estimate of $29.85 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%.

Community Healthcare Trust Trading Down 0.6 %

Shares of CHCT stock traded down $0.11 on Friday, hitting $18.81. 377,913 shares of the stock were exchanged, compared to its average volume of 208,118. The firm's 50 day moving average is $19.32 and its two-hundred day moving average is $18.46. Community Healthcare Trust has a one year low of $15.06 and a one year high of $27.73. The firm has a market capitalization of $533.08 million, a PE ratio of -81.78, a P/E/G ratio of 1.26 and a beta of 0.69.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $0.4675 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 9.94%. The ex-dividend date is Monday, February 24th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio is currently -808.70%.

Analysts Set New Price Targets

CHCT has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. StockNews.com raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Finally, Piper Sandler raised their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.25.

About Community Healthcare Trust

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.