Equities analysts predict that Community Healthcare Trust Inc (NYSE:CHCT) will announce $0.42 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Community Healthcare Trust’s earnings, with estimates ranging from $0.41 to $0.45. Community Healthcare Trust posted earnings of $0.40 per share in the same quarter last year, which suggests a positive year over year growth rate of 5%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Community Healthcare Trust will report full year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.63 to $1.79. For the next financial year, analysts anticipate that the business will post earnings of $2.02 per share, with EPS estimates ranging from $1.95 to $2.07. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Community Healthcare Trust.
Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Community Healthcare Trust had a net margin of 7.86% and a return on equity of 1.45%. The business had revenue of $13.44 million for the quarter, compared to analyst estimates of $13.73 million.
CHCT has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on shares of Community Healthcare Trust in a report on Thursday, March 28th. They set a “neutral” rating and a $38.00 price target on the stock. Zacks Investment Research upgraded shares of Community Healthcare Trust from a “sell” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, April 30th. Sandler O’Neill lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, ValuEngine upgraded shares of Community Healthcare Trust from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.84.
Shares of CHCT stock traded up $0.02 during trading hours on Friday, reaching $37.20. 980 shares of the stock traded hands, compared to its average volume of 96,325. Community Healthcare Trust has a 1-year low of $25.33 and a 1-year high of $37.62. The firm has a market capitalization of $699.05 million, a P/E ratio of 23.35 and a beta of 0.94.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.41. Community Healthcare Trust’s dividend payout ratio is currently 102.52%.
In other Community Healthcare Trust news, CAO Leigh Ann Stach sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $33.59, for a total value of $251,925.00. Following the transaction, the chief accounting officer now owns 127,009 shares in the company, valued at approximately $4,266,232.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in CHCT. Wells Fargo & Company MN increased its stake in Community Healthcare Trust by 7.6% in the 3rd quarter. Wells Fargo & Company MN now owns 35,020 shares of the real estate investment trust’s stock valued at $1,085,000 after buying an additional 2,480 shares during the period. Bank of New York Mellon Corp increased its stake in Community Healthcare Trust by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 337,664 shares of the real estate investment trust’s stock valued at $10,462,000 after buying an additional 10,321 shares during the period. Dimensional Fund Advisors LP increased its stake in Community Healthcare Trust by 490.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 74,414 shares of the real estate investment trust’s stock valued at $2,305,000 after buying an additional 61,816 shares during the period. Renaissance Technologies LLC increased its stake in Community Healthcare Trust by 89.9% in the 3rd quarter. Renaissance Technologies LLC now owns 41,400 shares of the real estate investment trust’s stock valued at $1,283,000 after buying an additional 19,600 shares during the period. Finally, AQR Capital Management LLC acquired a new position in Community Healthcare Trust in the 3rd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.
Community Healthcare Trust Company Profile
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 $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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