Community Healthcare Trust Inc (NYSE:CHCT) – Equities research analysts at SunTrust Banks lowered their FY2018 earnings per share (EPS) estimates for shares of Community Healthcare Trust in a research note issued to investors on Monday, November 19th. SunTrust Banks analyst E. Fleming now anticipates that the real estate investment trust will post earnings of $1.59 per share for the year, down from their prior estimate of $1.60. SunTrust Banks has a “Buy” rating and a $36.00 price objective on the stock. SunTrust Banks also issued estimates for Community Healthcare Trust’s Q4 2018 earnings at $0.42 EPS.
Other equities analysts also recently issued research reports about the company. B. Riley set a $32.00 target price on Community Healthcare Trust and gave the stock a “hold” rating in a research note on Wednesday, November 7th. Zacks Investment Research downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. UBS Group began coverage on shares of Community Healthcare Trust in a report on Friday, November 16th. They issued a “sell” rating on the stock. Finally, ValuEngine raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.50.
Several institutional investors and hedge funds have recently made changes to their positions in CHCT. Piedmont Investment Advisors LLC bought a new stake in Community Healthcare Trust in the 2nd quarter worth approximately $120,000. Canandaigua National Bank & Trust Co. purchased a new position in shares of Community Healthcare Trust during the 2nd quarter valued at $202,000. AQR Capital Management LLC purchased a new position in shares of Community Healthcare Trust during the 3rd quarter valued at $205,000. First Republic Investment Management Inc. purchased a new position in shares of Community Healthcare Trust during the 3rd quarter valued at $211,000. Finally, United Services Automobile Association bought a new stake in Community Healthcare Trust in the 2nd quarter valued at $219,000. 87.27% of the stock is owned by institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.405 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.46%. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 114.89%.
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 $416.8 million in 91 real estate properties as of June 30, 2018, located in 27 states, totaling approximately 2.1 million square feet.
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