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Community Healthcare Trust

NYSE:CHCT
Snowflake Description

High growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CHCT
NYSE
$520M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

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 non-urban markets throughout the United States. The last earnings update was 8 days ago. More info.


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CHCT Share Price and Events
7 Day Returns
-2.4%
NYSE:CHCT
1.4%
US REITs
-1.4%
US Market
1 Year Returns
2.1%
NYSE:CHCT
-2.1%
US REITs
10%
US Market
CHCT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Community Healthcare Trust (CHCT) -2.4% 4% -8.3% 2.1% 61.4% -
US REITs 1.4% 6.1% -1.3% -2.1% 19.9% 45.5%
US Market -1.4% -1% -3.3% 10% 55.6% 97.4%
1 Year Return vs Industry and Market
  • CHCT outperformed the REITs industry which returned -2.1% over the past year.
  • CHCT underperformed the Market in United States of America which returned 10% over the past year.
Price Volatility
CHCT
Industry
5yr Volatility vs Market

Value

 Is Community Healthcare Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Community Healthcare Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Community Healthcare Trust.

NYSE:CHCT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CHCT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.476 (1 + (1- 21%) (24.5%))
0.568
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.8 * 7.05%)
8.59%

Discounted Cash Flow Calculation for NYSE:CHCT using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Community Healthcare Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

Community Healthcare Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:CHCT DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Adjusted Funds From Operations (AFFO) (USD, Millions) 38.54 48.85 57.64 67.44 78.23
Source Analyst x2 Analyst x1 Est @ 18%, capped from 35.4% Est @ 17%, capped from 35.4% Est @ 16%, capped from 35.4%
Present Value
Discounted (@ 8.59%)
35.49 41.42 45.01 48.50 51.81
Present value of next 5 years cash flows $222.24
NYSE:CHCT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $78.23 × (1 + 2.95%) ÷ (8.59% – 2.95%)
$1,427.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $1,427.91 ÷ (1 + 8.59%)5
$945.70
NYSE:CHCT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $222.24 + $945.70
$1,167.94
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,167.94 / 17.82
$65.21
NYSE:CHCT Discount to Share Price
Calculation Result
Value per share (USD) From above. $65.21
Current discount Discount to share price of $29.05
= -1 x ($29.05 - $65.21) / $65.21
55.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Community Healthcare Trust is available for.
Intrinsic value
>50%
Share price is $29.05 vs Future cash flow value of $65.21
Current Discount Checks
For Community Healthcare Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Community Healthcare Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Community Healthcare Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Community Healthcare Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Community Healthcare Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CHCT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.39
NYSE:CHCT Share Price ** NYSE (2018-11-14) in USD $29.05
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 29.23x
United States of America Market PE Ratio Median Figure of 2,976 Publicly-Listed Companies 18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Community Healthcare Trust.

NYSE:CHCT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CHCT Share Price ÷ EPS (both in USD)

= 29.05 ÷ 0.39

74.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Community Healthcare Trust is overvalued based on earnings compared to the US REITs industry average.
  • Community Healthcare Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Community Healthcare Trust's expected growth come at a high price?
Raw Data
NYSE:CHCT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 74.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
42.7%per year
United States of America REITs Industry PEG Ratio Median Figure of 143 Publicly-Listed REITs Companies 0.9x
United States of America Market PEG Ratio Median Figure of 2,095 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

NYSE:CHCT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 74.78x ÷ 42.7%

1.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Community Healthcare Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Community Healthcare Trust's assets?
Raw Data
NYSE:CHCT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $15.67
NYSE:CHCT Share Price * NYSE (2018-11-14) in USD $29.05
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.69x
United States of America Market PB Ratio Median Figure of 4,976 Publicly-Listed Companies 1.86x
NYSE:CHCT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CHCT Share Price ÷ Book Value per Share (both in USD)

= 29.05 ÷ 15.67

1.85x

* Primary Listing of Community Healthcare Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Community Healthcare Trust is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Community Healthcare Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Community Healthcare Trust has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Community Healthcare Trust expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
42.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Community Healthcare Trust expected to grow at an attractive rate?
  • Community Healthcare Trust's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Community Healthcare Trust's earnings growth is expected to exceed the United States of America market average.
  • Community Healthcare Trust's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CHCT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CHCT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 42.7%
NYSE:CHCT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 24.1%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CHCT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CHCT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 80 19 1
2019-12-31 62 12 2
2018-12-31 49 9 2
NYSE:CHCT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 47 25 7
2018-06-30 44 26 5
2018-03-31 41 24 3
2017-12-31 37 22 3
2017-09-30 34 19 2
2017-06-30 31 17 3
2017-03-31 28 17 4
2016-12-31 25 15 3
2016-09-30 22 12 2
2016-06-30 19 10 1
2016-03-31 14 6 -1
2015-12-31 9 3 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Community Healthcare Trust's earnings are expected to grow significantly at over 20% yearly.
  • Community Healthcare Trust's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CHCT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Community Healthcare Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CHCT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
NYSE:CHCT Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.39
2018-06-30 0.30
2018-03-31 0.22
2017-12-31 0.19
2017-09-30 0.18
2017-06-30 0.27
2017-03-31 0.28
2016-12-31 0.24
2016-09-30 0.18
2016-06-30 0.08
2016-03-31 -0.20
2015-12-31 -0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Community Healthcare Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Community Healthcare Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Community Healthcare Trust has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Community Healthcare Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Community Healthcare Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Community Healthcare Trust's 1-year earnings growth exceeds its 5-year average (178.5% vs 22.6%)
  • Community Healthcare Trust's earnings growth has exceeded the US REITs industry average in the past year (178.5% vs 13.9%).
Earnings and Revenue History
Community Healthcare Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Community Healthcare Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CHCT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 47.40 6.87 4.96
2018-06-30 44.24 5.21 4.57
2018-03-31 40.77 3.50 3.90
2017-12-31 37.34 2.78 3.54
2017-09-30 33.77 2.47 2.85
2017-06-30 30.77 3.48 3.02
2017-03-31 28.04 3.52 2.61
2016-12-31 25.20 2.72 2.58
2016-09-30 22.36 1.81 3.19
2016-06-30 19.16 0.68 2.17
2016-03-31 13.80 -1.34 3.35
2015-12-31 8.63 -1.46 2.54
2014-12-31 18.73 7.58 0.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Community Healthcare Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Community Healthcare Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Unable to establish if Community Healthcare Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Community Healthcare Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Community Healthcare Trust has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Community Healthcare Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Community Healthcare Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Community Healthcare Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Community Healthcare Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Community Healthcare Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Community Healthcare Trust Company Filings, last reported 1 month ago.

NYSE:CHCT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 279.32 127.45 3.62
2018-06-30 276.36 125.42 3.82
2018-03-31 279.61 111.50 3.64
2017-12-31 283.37 93.35 2.39
2017-09-30 287.90 59.67 17.48
2017-06-30 185.41 117.69 0.83
2017-03-31 190.01 81.39 2.04
2016-12-31 194.01 51.00 1.57
2016-09-30 197.75 5.00 1.74
2016-06-30 201.47 0.00 10.92
2016-03-31 119.59 55.00 1.57
2015-12-31 122.27 17.00 2.02
2014-12-31 0.00 0.00 0.00
  • Community Healthcare Trust's level of debt (45.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Community Healthcare Trust's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (19.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Community Healthcare Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Community Healthcare Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.58%
Current annual income from Community Healthcare Trust dividends. Estimated to be 5.57% next year.
If you bought $2,000 of Community Healthcare Trust shares you are expected to receive $112 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Community Healthcare Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.38%).
  • Community Healthcare Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.54%).
Upcoming dividend payment

Purchase Community Healthcare Trust on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CHCT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 182 Stocks 4.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1978 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CHCT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.62 1.00
2019-12-31 1.62 1.00
2018-12-31 1.61 1.00
NYSE:CHCT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-01 1.620 5.471
2018-08-01 1.610 5.299
2018-05-03 1.600 5.651
2018-02-01 1.590 6.372
2017-11-02 1.580 5.791
2017-08-07 1.570 5.908
2017-05-04 1.560 6.161
2017-02-02 1.550 6.578
2016-11-01 1.540 6.891
2016-08-05 1.530 6.795
2016-05-03 1.520 7.471
2016-02-09 1.510 8.255
2015-11-06 1.500 8.275
2015-08-06 1.500 8.446

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Community Healthcare Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Community Healthcare Trust only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Community Healthcare Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Community Healthcare Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Community Healthcare Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Community Healthcare Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Community Healthcare Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tim Wallace
COMPENSATION $1,592,017
AGE 59
TENURE AS CEO 4.7 years
CEO Bio

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-founder, President and majority owner of AFP and related entities which were established in 2002 to provide financing solutions to the higher education industry for on-campus student housing facilities mostly in rural areas. He served as Chief Financial Officer and Executive Vice President of Healthcare Realty Trust Incorporated until 2002. He has held executive positions with Healthcare Realty Trust since January 1993. Mr. Wallace remained as a paid consultant to Healthcare Realty Trust Incorporated and was subject to a non-compete until 2008. Prior to joining Healthcare Realty Trust, he served as Senior Manager with responsibility for healthcare and real estate in the Nashville, Tennessee office of Ernst & Young LLP from June 1989 to January 1993. Prior to joining Ernst & Young LLP, he was employed by Arthur Andersen & Co. from September 1980 to June 1989. He has been a Director of Service Experts LLC (alternate name, Service Experts Inc.) since June 1996. Mr. Wallace began his career in 1980 with Arthur Andersen & Co. Mr. Wallace holds a Bachelor of Science in Business Administration and Masters in Business Administration, both from Western Kentucky University.

CEO Compensation
  • Tim's compensation has increased by more than 20% in the past year.
  • Tim's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Community Healthcare Trust management team in years:

4.7
Average Tenure
59
Average Age
  • The tenure for the Community Healthcare Trust management team is about average.
Management Team

Tim Wallace

TITLE
Chairman
COMPENSATION
$2M
AGE
59
TENURE
4.7 yrs

Page Barnes

TITLE
Executive VP
COMPENSATION
$907K
AGE
64
TENURE
4.7 yrs

Leigh Stach

TITLE
VP of Financial Reporting & Chief Accounting Officer
COMPENSATION
$740K
AGE
51
TENURE
4.7 yrs

Steve Harrison

TITLE
Managing Director of Business Development

Jon Anderson

TITLE
Controller

Ron Hart

TITLE
Vice President of Asset Management
TENURE
4.7 yrs

Michael Willman

TITLE
Vice President of Real Estate
TENURE
4.7 yrs

Bill Davis

TITLE
Vice President of Information Technology

Jim Short

TITLE
Vice President of Special Projects
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Community Healthcare Trust board of directors in years:

3.5
Average Tenure
60
Average Age
  • The tenure for the Community Healthcare Trust board of directors is about average.
Board of Directors

Tim Wallace

TITLE
Chairman
COMPENSATION
$2M
AGE
59
TENURE
4.7 yrs

Robert Hensley

TITLE
Director
COMPENSATION
$90K
AGE
60
TENURE
3.5 yrs

R. Van Horn

TITLE
Director
COMPENSATION
$102K
AGE
50
TENURE
3.5 yrs

Claire Gulmi

TITLE
Director
AGE
64
TENURE
0.5 yrs

Alan Gardner

TITLE
Lead Independent Director
COMPENSATION
$106K
AGE
64
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Community Healthcare Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Community Healthcare Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Community Healthcare Trust Incorporated (NYSE:CHCT): Is Real Estate Attractive?

is a real estate company operating in an industry … Real estate investment trust, or a REIT, is a collective vehicle for investing in real estate that began in the US and has since been adopted worldwide as an investment asset … Real estate analysts are forecasting for the entire industry,

Simply Wall St -

Is Community Healthcare Trust Incorporated's (NYSE:CHCT) CEO Pay Justified?

Leading Community Healthcare Trust Incorporated (NYSE:CHCT) as the CEO, Tim Wallace took the company to a valuation of US$521.59m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … CEOs leading companies of similar size and profitability

Simply Wall St -

You May Have Been Looking At Community Healthcare Trust Incorporated (NYSE:CHCT) All Wrong

Community Healthcare Trust Incorporated is a US$522.11m. … real estate investment trust (REIT) based in Franklin, United States. … View out our latest analysis for Community Healthcare Trust

Simply Wall St -

With An ROE Of 1.60%, Has Community Healthcare Trust Incorporated's (NYSE:CHCT) Management Done Well?

Community Healthcare Trust Incorporated’s (NYSE:CHCT) most recent return on equity was a substandard 1.60% relative to its industry performance of 7.65% over the past year. … View our latest analysis for Community Healthcare Trust Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Community Healthcare Trust’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Community Healthcare Trust’s equity capital deployed.

Simply Wall St -

Is It Too Late To Buy Community Healthcare Trust Incorporated (NYSE:CHCT)?

Community Healthcare Trust Incorporated (NYSE:CHCT), a reits company based in United States, saw a decent share price growth in the teens level on the NYSE over the last few months. … What’s more interesting is that, Community Healthcare Trust’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. … With profit expected to more than double over the next couple of years, the future seems bright for Community Healthcare Trust.

Simply Wall St -

Community Healthcare Trust Incorporated (NYSE:CHCT): Ex-Dividend Is In 3 Days, Should You Buy?

See our latest analysis for Community Healthcare Trust 5 questions to ask before buying a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … The reality is that it is too early to consider Community Healthcare Trust as a dividend investment. … On the other hand, if you are not strictly just a dividend investor, the stock could still be offering some interesting investment opportunities.

Simply Wall St -

7 Days Left Before Community Healthcare Trust Incorporated (NYSE:CHCT) Will Start Trading Ex-Dividend, Should Investors Buy?

View our latest analysis for Community Healthcare Trust Here's how I find good dividend stocks When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Does it pay an annual yield higher than 75% of dividend payers? … NYSE:CHCT Historical Dividend Yield May 9th 18 How well does Community Healthcare Trust fit our criteria? … Next Steps: After digging a little deeper into Community Healthcare Trust's yield, it's easy to see why you should be cautious investing in the company just for the dividend.

Simply Wall St -

How Do Analysts See Community Healthcare Trust Incorporated (NYSE:CHCT) Performing Over The Next Few Years?

Below is my commentary, albeit very simple and high-level, on how market analysts predict Community Healthcare Trust's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for Community Healthcare Trust Market analysts' consensus outlook for the upcoming year seems optimistic, with earnings growth more than doubling. … This means that, we can anticipate Community Healthcare Trust will grow its earnings by 40.85% every year for the next couple of years.

Simply Wall St -

You May Have Been Looking At Community Healthcare Trust Incorporated (NYSE:CHCT) All Wrong

See our latest analysis for Community Healthcare Trust REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities. … This tells us how long it will take CHCT to pay off its debt using its income from its main business activities, and gives us an insight into CHCT’s ability to service its borrowings. … Community Healthcare Trust can bring about diversification for your portfolio, but before you decide to invest, take a look at the other aspects you must consider before investing: Future Outlook: What are well-informed industry analysts predicting for CHCT’s future growth?

Simply Wall St -

Should You Be Tempted To Sell Community Healthcare Trust Incorporated (NYSE:CHCT) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for CHCT Price per share = $22.63 Earnings per share = $0.181 ∴ Price-Earnings Ratio = $22.63 ÷ $0.181 = 124.7x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Ideally, we want to compare the stock’s P/E ratio to the average of companies that have similar characteristics as CHCT, such as size and country of operation. … For example, if you are inadvertently comparing riskier firms with CHCT, then CHCT’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

Company Info

Map
Description

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 non-urban markets throughout the United States. The Company had investments of approximately $424.2 million in 93 real estate properties as of September 30, 2018, located in 28 states, totaling approximately 2.1 million square feet.

Details
Name: Community Healthcare Trust Incorporated
CHCT
Exchange: NYSE
Founded:
$520,291,754
17,824,315
Website: http://www.chct.reit
Address: Community Healthcare Trust Incorporated
3326 Aspen Grove Drive,
Suite 150,
Franklin,
Tennessee, 37067,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CHCT Common Stock New York Stock Exchange US USD 21. May 2015
Number of employees
Current staff
Staff numbers
16
Community Healthcare Trust employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/14 23:19
End of day share price update: 2018/11/14 00:00
Last estimates confirmation: 2018/11/13
Last earnings filing: 2018/11/06
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.