Community Healthcare Trust (CHCT) Scheduled to Post Earnings on Tuesday

Community Healthcare Trust (NYSE:CHCT - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock traded down $0.31 on Tuesday, reaching $17.12. The company had a trading volume of 236,716 shares, compared to its average volume of 277,407. The firm has a market cap of $474.24 million, a price-to-earnings ratio of 27.09, a P/E/G ratio of 1.13 and a beta of 0.69. The firm's 50-day moving average price is $17.59 and its two-hundred day moving average price is $21.69. Community Healthcare Trust has a 1 year low of $15.06 and a 1 year high of $29.16.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 10.81%. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.42. Community Healthcare Trust's payout ratio is 289.06%.

Insiders Place Their Bets

In related news, CEO David H. Dupuy acquired 10,000 shares of the company's stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $19.48 per share, with a total value of $194,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 363,565 shares of the company's stock, valued at $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Community Healthcare Trust news, Director Robert Z. Hensley purchased 6,500 shares of Community Healthcare Trust stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $19.50 per share, with a total value of $126,750.00. Following the transaction, the director now owns 70,670 shares of the company's stock, valued at $1,378,065. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David H. Dupuy acquired 10,000 shares of the business's stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the purchase, the chief executive officer now directly owns 363,565 shares of the company's stock, valued at approximately $7,082,246.20. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CHCT. Evercore ISI upgraded Community Healthcare Trust from an "underperform" rating to an "inline" rating and cut their price target for the company from $21.00 to $18.00 in a research note on Monday, September 16th. StockNews.com cut shares of Community Healthcare Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, August 20th. Piper Sandler cut their price objective on shares of Community Healthcare Trust from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, September 9th. Robert W. Baird lowered their target price on Community Healthcare Trust from $29.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday, July 31st. Finally, Truist Financial cut their price target on Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Community Healthcare Trust has a consensus rating of "Hold" and an average price target of $20.75.

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.