Community Healthcare Tr Inc Stock Price, News & Analysis

On March 3, 2023, Community Healthcare Trust Incorporated (NYSE: CHCT) announced the passing of Timothy G. Wallace, the Chairman, CEO, and President. His leadership will be greatly missed, as noted by Lead Independent Director Alan Gardner. Following this, David H. Dupuy has been appointed Interim CEO effective February 10, 2023. The Board of Directors is currently evaluating the succession plan. Community Healthcare Trust specializes in owning income-producing real estate properties related to outpatient healthcare services across the U.S.

Community Healthcare Trust Incorporated (NYSE: CHCT) reported a net income of approximately $5.2 million, or $0.19 per diluted share for Q4 2022. Funds from operations (FFO) and adjusted funds from operations (AFFO) were $0.56 and $0.63 per diluted share, respectively. The company acquired 13 properties for about $50.2 million, with a leasing rate of 97.8%. Subsequent acquisitions included 3 properties for $12.5 million, fully leased. CHCT has agreements for 4 properties totaling $20.1 million and 6 properties for $141.0 million with expected returns of 9.2%-10.25%. A quarterly dividend of $0.4475 was declared, payable on March 1, 2023.

Community Healthcare Trust Incorporated (NYSE: CHCT) announced on February 10, 2023 that Timothy G. Wallace, Chairman, CEO, and President, is taking a medical leave of absence due to complications from a peptic ulcer. David H. Dupuy, Executive Vice President and CFO, has been appointed as Interim CEO during this period. The Board expresses confidence in Dupuy's leadership and wishes Wallace a prompt recovery. CHCT focuses on owning real estate properties primarily for outpatient healthcare services in the U.S., and the Board remains optimistic about the company's direction amidst this leadership change.

Community Healthcare Trust (NYSE: CHCT) announced an increase in its common stock cash dividend to $0.4475 per share for the quarter ending December 31, 2022, marking an annualized rate of $1.79 per share. This dividend will be payable on March 1, 2023, to shareholders on record as of February 21, 2023. Since its IPO, the company has consistently raised its dividend every quarter, reflecting a strong commitment to returning value to shareholders.

Community Healthcare Trust Incorporated (NYSE: CHCT) will announce its fourth-quarter 2022 results on February 14, 2023, after the market closes. A conference call is scheduled for February 15, 2023, at 9:00 a.m. Central Time to discuss the earnings, activities, and operations of the Company. As of September 30, 2022, CHCT held about $890 million in real estate investments across 161 properties in 34 states, covering approximately 3.5 million square feet.

Community Healthcare Trust Incorporated (NYSE: CHCT) reported a net income of approximately $5.7 million or $0.21 per diluted share for the three months ended September 30, 2022. Funds from operations (FFO) and adjusted funds from operations (AFFO) were $0.57 and $0.63 per diluted share, respectively. The Company acquired a 96,886 square foot behavioral facility for $13.2 million and a 17,318 square foot clinic for $4.3 million, both fully leased. Additionally, it has 20 properties under purchase agreements valued at $71.6 million.

Community Healthcare Trust Incorporated (NYSE: CHCT) announced an increase in its quarterly cash dividend to $0.445 per share for the quarter ended September 30, 2022. The dividend, representing an annualized rate of $1.78, will be payable on November 25, 2022, to shareholders of record on November 10, 2022. This marks the continuation of its dividend increase streak since its Initial Public Offering. The Company specializes in owning income-producing real estate primarily tied to outpatient healthcare services across the United States.

Community Healthcare Trust Incorporated (NYSE: CHCT) will announce its third-quarter 2022 results on November 1, 2022, after market hours. A conference call is scheduled for November 2, 2022, at 9:00 a.m. Central Time, to discuss results and industry trends. The company invests approximately $869.5 million in 159 properties across 34 states, totaling around 3.4 million square feet as of June 30, 2022. The company cautions that forward-looking statements may involve risks and uncertainties impacting actual results.

Community Healthcare Trust Incorporated (NYSE: CHCT) announced its financial results for Q2 2022, reporting a net income of approximately $5.6 million or $0.21 per diluted share. Funds from operations (FFO) reached $0.57 and adjusted funds from operations (AFFO) totaled $0.62 per diluted share. The Company acquired a 37,720 square foot inpatient rehabilitation facility for $23.5 million, fully leased until 2037. Additionally, CHCT has three properties under purchase agreements totaling $23.4 million and another five properties expected at $117.5 million, with anticipated returns of 9.0% to 10.25%.