Key Points
- CEO David Dupuy purchased 10,000 CHCT shares at an average price of $15.13, investing $151,300 and increasing his holdings by 1.83% to 557,262 shares.
- Community Healthcare Trust reported quarterly EPS of $0.06, below the $0.11 analyst consensus, while revenue of $30.97 million also missed expectations.
- The REIT’s quarterly dividend is $0.33 per share, equivalent to a 9.0% yield, but its 286.57% payout ratio highlights potential coverage concerns; analysts maintain a consensus “Hold” rating with an $18.50 target price.
Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) CEO David Dupuy bought 10,000 shares of the stock in a transaction dated Friday, August 14th. The stock was bought at an average price of $15.13 per share, with a total value of $151,300.00. Following the purchase, the chief executive officer owned 557,262 shares of the company's stock, valued at approximately $8,431,374.06. This represents a 1.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Community Healthcare Trust Stock Performance
Shares of NYSE:CHCT opened at $14.64 on Tuesday. The business's 50-day simple moving average is $17.62 and its 200 day simple moving average is $17.24. The company has a market cap of $419.44 million, a P/E ratio of 21.85 and a beta of 0.71. Community Healthcare Trust Incorporated has a one year low of $13.23 and a one year high of $19.17.
Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%.The company had revenue of $30.97 million during the quarter, compared to analysts' expectations of $31.77 million. Analysts predict that Community Healthcare Trust Incorporated will post 1.87 earnings per share for the current year.
Community Healthcare Trust Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.32 annualized dividend and a yield of 9.0%. Community Healthcare Trust's payout ratio is 286.57%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on CHCT shares. Piper Sandler decreased their price objective on shares of Community Healthcare Trust from $20.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Huntington assumed coverage on Community Healthcare Trust in a research report on Friday, July 17th. They set an "outperform" rating and a $20.00 target price on the stock. Truist Financial boosted their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, June 11th. Wall Street Zen downgraded Community Healthcare Trust from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Weiss Ratings upgraded Community Healthcare Trust from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, June 12th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $18.50.
Read Our Latest Stock Report on Community Healthcare Trust
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Community Healthcare Trust by 2.5% during 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 acquiring an additional 67,241 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at about $48,221,000. Systematic Financial Management LP raised its stake in shares of Community Healthcare Trust by 3.6% in the 4th quarter. Systematic Financial Management LP now owns 1,123,736 shares of the real estate investment trust's stock valued at $18,452,000 after purchasing an additional 38,532 shares in the last quarter. Invesco Ltd. lifted its position 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 worth $16,221,000 after purchasing an additional 297,179 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its position 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 worth $16,745,000 after purchasing an additional 213,349 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.
About Community Healthcare Trust
(
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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