Community Healthcare Trust Incorporated (NYSE:CHCT) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS
Community Healthcare Trust Incorporated (NYSE:CHCT) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.09, Bloomberg Earnings reports. Community Healthcare Trust had a net margin of 12.55% and a return on equity of 1.80%.
Community Healthcare Trust (CHCT) traded up 1.26% during trading on Tuesday, reaching $24.88. The company had a trading volume of 110,854 shares. The firm’s 50 day moving average is $25.50 and its 200-day moving average is $24.29. The company has a market capitalization of $315.63 million, a P/E ratio of 90.80 and a beta of 1.04. Community Healthcare Trust has a 12 month low of $19.61 and a 12 month high of $26.50.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 28th will be paid a dividend of $0.3925 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.57 annualized dividend and a yield of 6.31%. Community Healthcare Trust’s dividend payout ratio is presently 577.78%.
Several brokerages have recently commented on CHCT. ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Evercore ISI upped their price target on Community Healthcare Trust from $25.50 to $26.50 and gave the company an “outperform” rating in a research note on Tuesday, July 4th. Finally, Zacks Investment Research lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th.
Community Healthcare Trust Company Profile
Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.
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