Wall Street brokerages expect Community Healthcare Trust Inc (NYSE:CHCT) to announce $0.46 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Community Healthcare Trust’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.46. Community Healthcare Trust reported earnings of $0.41 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12.2%. The business is expected to announce its next quarterly 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 year, with EPS estimates ranging from $1.65 to $1.68. For the next financial year, analysts forecast that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.97 to $2.07. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Community Healthcare Trust.
Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.32). Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.53%. The business had revenue of $16.26 million during the quarter, compared to analyst estimates of $15.54 million.
Several research firms have recently weighed in on CHCT. SunTrust Banks reiterated a “positive” rating and issued a $50.00 price target on shares of Community Healthcare Trust in a report on Tuesday, December 3rd. Sandler O’Neill raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Monday, November 18th. ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Zacks Investment Research cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, Evercore ISI reaffirmed a “hold” rating on shares of Community Healthcare Trust in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $44.51.
CHCT stock traded up $0.19 during mid-day trading on Wednesday, hitting $47.28. 181,326 shares of the company were exchanged, compared to its average volume of 120,611. Community Healthcare Trust has a 1-year low of $27.54 and a 1-year high of $49.17. The firm’s 50 day simple moving average is $46.66 and its 200 day simple moving average is $42.80. The firm has a market cap of $950.17 million, a P/E ratio of 29.74 and a beta of 0.70.
The company also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.415 per share. The ex-dividend date was Thursday, November 14th. Community Healthcare Trust’s payout ratio is presently 104.40%.
In related news, COO W. Page Barnes sold 5,263 shares of Community Healthcare Trust stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $46.00, for a total value of $242,098.00. Following the sale, the chief operating officer now owns 190,463 shares of the company’s stock, valued at approximately $8,761,298. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.70% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY lifted its holdings in Community Healthcare Trust by 4.8% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,837 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 314 shares during the last quarter. Barclays PLC increased its holdings in shares of Community Healthcare Trust by 79.1% in the third quarter. Barclays PLC now owns 40,085 shares of the real estate investment trust’s stock valued at $1,786,000 after purchasing an additional 17,704 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Community Healthcare Trust by 4.4% in the third quarter. California State Teachers Retirement System now owns 28,728 shares of the real estate investment trust’s stock valued at $1,280,000 after purchasing an additional 1,205 shares during the last quarter. State Street Corp raised its position in shares of Community Healthcare Trust by 2.7% in the third quarter. State Street Corp now owns 597,920 shares of the real estate investment trust’s stock valued at $26,637,000 after purchasing an additional 15,561 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in shares of Community Healthcare Trust in the third quarter valued at about $52,000. Institutional investors own 90.47% of the company’s stock.
About Community Healthcare Trust
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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