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

Community Healthcare Trust (NYSE:CHCT) will post its quarterly earnings results after the market closes on Tuesday, July 30th. Analysts expect Community Healthcare Trust to post earnings of $0.54 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT opened at $27.14 on Monday. The company has a fifty day moving average of $23.88 and a 200-day moving average of $25.23. The company has a market capitalization of $751.78 million, a PE ratio of 42.41, a price-to-earnings-growth ratio of 1.65 and a beta of 0.68. Community Healthcare Trust has a 52-week low of $22.03 and a 52-week high of $36.71.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, August 9th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.85 annualized dividend and a dividend yield of 6.82%. Community Healthcare Trust’s dividend payout ratio is 287.50%.

Analysts Set New Price Targets

CHCT has been the topic of several analyst reports. Piper Sandler reissued a “neutral” rating and issued a $26.00 price objective (down previously from $36.00) on shares of Community Healthcare Trust in a research note on Wednesday, May 1st. Evercore ISI reduced their price objective on shares of Community Healthcare Trust from $29.00 to $27.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 16th. Finally, Truist Financial reduced their price objective on shares of Community Healthcare Trust from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.67.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).