Community Healthcare Trust Inc (NYSE:CHCT) Expected to Announce Earnings of $0.46 Per Share

Equities analysts expect Community Healthcare Trust Inc (NYSE:CHCT) to post earnings per share of $0.46 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Community Healthcare Trust’s earnings, with estimates ranging from $0.45 to $0.46. Community Healthcare Trust posted earnings of $0.41 per share during the same quarter last year, which would suggest a positive year over year growth rate of 12.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 25th.

On average, analysts expect that Community Healthcare Trust will report full year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.65 to $1.67. For the next financial year, analysts expect that the company will post earnings of $2.01 per share, with EPS estimates ranging from $1.97 to $2.07. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Community Healthcare Trust.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.32). The firm had revenue of $16.26 million during the quarter, compared to analysts’ expectations of $15.54 million. Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.53%.

A number of analysts have issued reports on the company. Evercore ISI reaffirmed a “hold” rating on shares of Community Healthcare Trust in a report on Monday, November 11th. ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. SunTrust Banks boosted their target price on Community Healthcare Trust to $50.00 and gave the stock a “positive” rating in a research note on Tuesday. Zacks Investment Research downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Sandler O’Neill upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.51.

In related news, COO W. Page Barnes sold 5,263 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $46.00, for a total transaction of $242,098.00. Following the transaction, the chief operating officer now owns 190,463 shares in the company, valued at approximately $8,761,298. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Community Healthcare Trust by 116.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,209,056 shares of the real estate investment trust’s stock worth $87,059,000 after acquiring an additional 1,190,028 shares during the period. Bank of New York Mellon Corp increased its position in Community Healthcare Trust by 38.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 511,814 shares of the real estate investment trust’s stock worth $20,171,000 after purchasing an additional 140,879 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Community Healthcare Trust by 22.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 480,235 shares of the real estate investment trust’s stock worth $18,926,000 after purchasing an additional 88,938 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Community Healthcare Trust in the second quarter valued at approximately $3,036,000. Finally, BlackRock Inc. raised its holdings in Community Healthcare Trust by 2.6% in the second quarter. BlackRock Inc. now owns 3,034,010 shares of the real estate investment trust’s stock valued at $119,570,000 after buying an additional 75,936 shares during the period. 90.47% of the stock is currently owned by institutional investors.

NYSE:CHCT opened at $47.37 on Wednesday. The firm has a market capitalization of $960.46 million, a PE ratio of 29.79 and a beta of 0.70. The business’s fifty day moving average price is $46.47 and its 200 day moving average price is $42.51. Community Healthcare Trust has a 12 month low of $27.54 and a 12 month high of $49.17.

The company also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.415 per share. The ex-dividend date was Thursday, November 14th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 104.40%.

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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Earnings History and Estimates for Community Healthcare Trust (NYSE:CHCT)

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