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CHCT

Community Healthcare TrustNYSE:CHCT Stock Report

Last Price

US$44.88

Market Cap

US$1.1b

7D

-1.8%

1Y

-6.8%

Updated

26 Jan, 2022

Data

Company Financials +
CHCT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health3/6
Dividends4/6

CHCT Stock Overview

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.

Community Healthcare Trust Competitors

Welltower

NYSE:WELL

US$37.2b

Ventas

NYSE:VTR

US$20.9b

Healthpeak Properties

NYSE:PEAK

US$19.2b

National Health Investors

NYSE:NHI

US$2.7b

Price History & Performance

Summary of all time highs, changes and price drops for Community Healthcare Trust
Historical stock prices
Current Share PriceUS$44.88
52 Week HighUS$52.54
52 Week LowUS$42.55
Beta0.56
1 Month Change-1.21%
3 Month Change-7.48%
1 Year Change-6.81%
3 Year Change40.65%
5 Year Change108.07%
Change since IPO127.24%

Recent News & Updates

Dec 28

Community Healthcare Trust: Nearing Market Cap Threshold, With Investment Thesis Intact

Community Healthcare Trust has a stellar track record for growth, and a stellar balance sheet for a company of its size. Despite headwinds from the pandemic, the summer heatwave, rising property values, and recent concerns about falling occupancy rates, the investment thesis for this company is intact. Like a rocket approaching escape velocity, CHCT is nearing an important market cap threshold.

Oct 14

Community Healthcare: Occupancy Drag

Community Healthcare Trust has many positive features. These include their debt management and the high profitability of new acquisitions. We model here the suggestion in a recent article of what might challenge the current high market price.

Sep 24

Community Healthcare's Valuation Makes It Dangerous

CHCT has done very well in the market. But its fundamental risks are starting to take a toll with declining occupancy. There is a reason rural healthcare facilities are trading at 10% cap rates in the private market.

Sep 03
Is Now The Time To Put Community Healthcare Trust (NYSE:CHCT) On Your Watchlist?

Is Now The Time To Put Community Healthcare Trust (NYSE:CHCT) On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

CHCTUS REITsUS Market
7D-1.8%-3.1%-5.1%
1Y-6.8%21.9%3.3%

Return vs Industry: CHCT underperformed the US REITs industry which returned 23.3% over the past year.

Return vs Market: CHCT underperformed the US Market which returned 4.2% over the past year.

Price Volatility

Is CHCT's price volatile compared to industry and market?
CHCT volatility
CHCT Average Weekly Movement3.2%
REITs Industry Average Movement4.1%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: CHCT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CHCT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a28Tim Wallacehttps://www.chct.reit

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. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.

Community Healthcare Trust Fundamentals Summary

How do Community Healthcare Trust's earnings and revenue compare to its market cap?
CHCT fundamental statistics
Market CapUS$1.06b
Earnings (TTM)US$19.43m
Revenue (TTM)US$87.46m

54.4x

P/E Ratio

12.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CHCT income statement (TTM)
RevenueUS$87.46m
Cost of RevenueUS$15.11m
Gross ProfitUS$72.35m
ExpensesUS$52.93m
EarningsUS$19.43m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 15, 2022

Earnings per share (EPS)0.82
Gross Margin82.73%
Net Profit Margin22.21%
Debt/Equity Ratio57.6%

How did CHCT perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

92%

Payout Ratio

Valuation

Is Community Healthcare Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CHCT ($44.88) is trading below our estimate of fair value ($143.82)

Significantly Below Fair Value: CHCT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CHCT is poor value based on its PE Ratio (54.4x) compared to the US REITs industry average (44x).

PE vs Market: CHCT is poor value based on its PE Ratio (54.4x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: CHCT is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: CHCT is overvalued based on its PB Ratio (2.3x) compared to the US REITs industry average (2x).


Future Growth

How is Community Healthcare Trust forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHCT's forecast earnings growth (16.1% per year) is above the savings rate (2%).

Earnings vs Market: CHCT's earnings (16.1% per year) are forecast to grow faster than the US market (13% per year).

High Growth Earnings: CHCT's earnings are forecast to grow, but not significantly.

Revenue vs Market: CHCT's revenue (14% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: CHCT's revenue (14% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CHCT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Community Healthcare Trust performed over the past 5 years?

46.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CHCT has high quality earnings.

Growing Profit Margin: CHCT's current net profit margins (22.2%) are higher than last year (19.8%).


Past Earnings Growth Analysis

Earnings Trend: CHCT's earnings have grown significantly by 46% per year over the past 5 years.

Accelerating Growth: CHCT's earnings growth over the past year (35.7%) is below its 5-year average (46% per year).

Earnings vs Industry: CHCT earnings growth over the past year (35.7%) exceeded the REITs industry 30.5%.


Return on Equity

High ROE: CHCT's Return on Equity (4.7%) is considered low.


Financial Health

How is Community Healthcare Trust's financial position?


Financial Position Analysis

Short Term Liabilities: CHCT's short term assets ($47.5M) exceed its short term liabilities ($15.3M).

Long Term Liabilities: CHCT's short term assets ($47.5M) do not cover its long term liabilities ($270.7M).


Debt to Equity History and Analysis

Debt Level: CHCT's net debt to equity ratio (57.2%) is considered high.

Reducing Debt: CHCT's debt to equity ratio has increased from 2.8% to 57.6% over the past 5 years.

Debt Coverage: CHCT's debt is well covered by operating cash flow (20.3%).

Interest Coverage: CHCT's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Dividend

What is Community Healthcare Trust current dividend yield, its reliability and sustainability?

3.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CHCT's dividend (3.88%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: CHCT's dividend (3.88%) is in the top 25% of dividend payers in the US market (3.57%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CHCT has been paying a dividend for less than 10 years.

Growing Dividend: CHCT's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (92.3%), CHCT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CHCT's dividends in 3 years are forecast to be covered by earnings (67.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Tim Wallace (62 yo)

7.83yrs

Tenure

US$3,737,563

Compensation

Mr. Timothy G. Wallace, also known as Tim, has been the Chairman, Chief Executive Officer and President of Community Healthcare Trust Incorporated since March 2014. From 2003 to 2014, Mr. Wallace was co-fo...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD3.74M) is above average for companies of similar size in the US market ($USD2.39M).

Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CHCT's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: CHCT's board of directors are considered experienced (6.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.


Top Shareholders

Company Information

Community Healthcare Trust Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Community Healthcare Trust Incorporated
  • Ticker: CHCT
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Implied Market Cap: US$1.058b
  • Shares outstanding: 23.57m
  • Website: https://www.chct.reit

Number of Employees


Location

  • Community Healthcare Trust Incorporated
  • 3326 Aspen Grove Drive
  • Suite 150
  • Franklin
  • Tennessee
  • 37067
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 01:09
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.