Community Healthcare Trust (CHCT) to Release Earnings on Thursday

Community Healthcare Trust (NYSE:CHCT) is set to release its earnings data after the market closes on Thursday, February 22nd. Analysts expect Community Healthcare Trust to post earnings of $0.36 per share for the quarter.

Community Healthcare Trust (CHCT) opened at $22.75 on Wednesday. Community Healthcare Trust has a 12 month low of $22.20 and a 12 month high of $30.64. The company has a market capitalization of $411.45 and a price-to-earnings ratio of 103.41.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a $0.3975 dividend. This represents a $1.59 annualized dividend and a dividend yield of 6.99%. The ex-dividend date is Thursday, February 15th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.40. Community Healthcare Trust’s dividend payout ratio is 722.73%.

In other news, CEO Timothy G. Wallace bought 10,016 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were purchased at an average price of $26.85 per share, with a total value of $268,929.60. Following the purchase, the chief executive officer now owns 428,060 shares in the company, valued at $11,493,411. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy G. Wallace bought 10,099 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average cost of $26.93 per share, for a total transaction of $271,966.07. Following the purchase, the chief executive officer now owns 448,206 shares in the company, valued at approximately $12,070,187.58. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 25,064 shares of company stock worth $677,488. Corporate insiders own 5.50% of the company’s stock.

Several equities analysts have recently commented on CHCT shares. Sandler O’Neill set a $30.00 price target on Community Healthcare Trust and gave the company a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, B. Riley set a $29.00 price target on Community Healthcare Trust and gave the company a “neutral” rating in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $28.50.

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About Community Healthcare Trust

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.

Earnings History for Community Healthcare Trust (NYSE:CHCT)

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