Analysts Expect Community Healthcare Trust Inc (NYSE:CHCT) Will Post Earnings of $0.46 Per Share

Equities research analysts expect that Community Healthcare Trust Inc (NYSE:CHCT) will report $0.46 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Community Healthcare Trust’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.45. Community Healthcare Trust reported earnings of $0.41 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The firm is expected to announce its next earnings report 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 fiscal year, with EPS estimates ranging from $1.65 to $1.67. For the next year, analysts anticipate that the firm will post earnings of $2.01 per share, with EPS estimates ranging from $1.96 to $2.07. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Community Healthcare Trust.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $16.26 million for the quarter, compared to analysts’ expectations of $15.54 million. Community Healthcare Trust had a return on equity of 1.56% and a net margin of 7.61%.

CHCT has been the subject of a number of research reports. ValuEngine cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. B. Riley boosted their price objective on Community Healthcare Trust from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Zacks Investment Research cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.61.

Hedge funds and other institutional investors have recently modified their holdings of the business. Texas Permanent School Fund raised its stake in shares of Community Healthcare Trust by 2.1% during the third quarter. Texas Permanent School Fund now owns 12,417 shares of the real estate investment trust’s stock worth $553,000 after purchasing an additional 255 shares during the last quarter. 6 Meridian raised its stake in shares of Community Healthcare Trust by 1.4% during the second quarter. 6 Meridian now owns 22,006 shares of the real estate investment trust’s stock worth $867,000 after purchasing an additional 310 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Community Healthcare Trust by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 8,272 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 325 shares during the last quarter. Comerica Bank raised its stake in shares of Community Healthcare Trust by 1.9% during the third quarter. Comerica Bank now owns 17,299 shares of the real estate investment trust’s stock worth $803,000 after purchasing an additional 325 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Community Healthcare Trust by 1.3% during the second quarter. Arizona State Retirement System now owns 27,798 shares of the real estate investment trust’s stock worth $1,096,000 after purchasing an additional 365 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CHCT stock traded down $0.04 during trading on Friday, hitting $45.18. 113,120 shares of the company’s stock were exchanged, compared to its average volume of 118,463. The business has a 50-day moving average price of $45.45 and a two-hundred day moving average price of $41.34. The stock has a market capitalization of $893.29 million, a price-to-earnings ratio of 28.42 and a beta of 0.72. Community Healthcare Trust has a 52-week low of $27.54 and a 52-week high of $49.17.

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.415 dividend. The ex-dividend date is Thursday, November 14th. Community Healthcare Trust’s dividend payout ratio is currently 103.77%.

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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