Key Points
- Director Robert Hensley bought 8,000 CHCT shares at an average $15.21 each, investing $121,680 and increasing his holdings by 8.36% to 103,702 shares.
- Community Healthcare Trust reported quarterly EPS of $0.06, below the $0.11 consensus estimate, while revenue of $30.97 million also missed expectations.
- The REIT’s annualized dividend is $1.32 per share, yielding about 8.8%, but its payout ratio is high at 197%; analysts maintain a consensus “Hold” rating with an $18.50 price target.
Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) Director Robert Hensley acquired 8,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $15.21 per share, with a total value of $121,680.00. Following the purchase, the director owned 103,702 shares in the company, valued at approximately $1,577,307.42. This represents a 8.36% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Community Healthcare Trust Stock Performance
Shares of Community Healthcare Trust stock opened at $15.00 on Thursday. The firm has a market cap of $429.81 million, a P/E ratio of 22.39 and a beta of 0.71. The firm's 50-day simple moving average is $17.77 and its 200-day simple moving average is $17.28. Community Healthcare Trust Incorporated has a twelve month low of $13.23 and a twelve month high of $19.17.
Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The business had revenue of $30.97 million during the quarter, compared to analyst estimates of $31.77 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. On average, equities analysts forecast that Community Healthcare Trust Incorporated will post 1.9 earnings per share for the current fiscal year.
Community Healthcare Trust Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.8%. Community Healthcare Trust's dividend payout ratio is presently 197.01%.
Analyst Ratings Changes
CHCT has been the topic of several recent analyst reports. Truist Financial boosted their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, June 11th. Weiss Ratings raised Community Healthcare Trust from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, June 12th. Piper Sandler reduced their target price on shares of Community Healthcare Trust from $20.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Community Healthcare Trust from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Huntington assumed coverage on shares of Community Healthcare Trust in a research report on Friday, July 17th. They set an "outperform" rating and a $20.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $18.50.
Check Out Our Latest Analysis on CHCT
Hedge Funds Weigh In On Community Healthcare Trust
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Community Healthcare Trust by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,804,298 shares of the real estate investment trust's stock worth $42,906,000 after purchasing an additional 67,241 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at $48,221,000. Systematic Financial Management LP raised its position in shares of Community Healthcare Trust by 3.6% during the fourth quarter. Systematic Financial Management LP now owns 1,123,736 shares of the real estate investment trust's stock worth $18,452,000 after acquiring an additional 38,532 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Community Healthcare Trust by 38.9% during the third quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust's stock valued at $16,221,000 after acquiring an additional 297,179 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in shares of Community Healthcare Trust by 26.5% during the fourth quarter. Kennedy Capital Management LLC now owns 1,019,810 shares of the real estate investment trust's stock valued at $16,745,000 after acquiring an additional 213,349 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.
Community Healthcare Trust Company Profile
(
Get Free Report)
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.
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