Community Healthcare Trust Inc (CHCT) Expected to Post Earnings of $0.45 Per Share

Brokerages expect that Community Healthcare Trust Inc (NYSE:CHCT) will announce earnings per share (EPS) of $0.45 for the current quarter, according to Zacks. Two analysts have made estimates for Community Healthcare Trust’s earnings, with estimates ranging from $0.43 to $0.46. Community Healthcare Trust reported earnings of $0.37 per share in the same quarter last year, which indicates a positive year over year growth rate of 21.6%. The firm is scheduled to report its next quarterly earnings report on Thursday, February 28th.

According to Zacks, 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 $1.64 to $1.68. For the next fiscal year, analysts expect that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.92 to $1.97. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Community Healthcare Trust.

Several brokerages have weighed in on CHCT. B. Riley set a $32.00 target price on Community Healthcare Trust and gave the stock a “hold” rating in a research report on Wednesday. ValuEngine raised Community Healthcare Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Zacks Investment Research lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $36.00 target price on shares of Community Healthcare Trust in a research report on Thursday, August 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.75.

NYSE CHCT traded up $0.13 during trading hours on Friday, hitting $29.96. The company had a trading volume of 82,550 shares, compared to its average volume of 122,424. Community Healthcare Trust has a fifty-two week low of $22.41 and a fifty-two week high of $32.81. The firm has a market capitalization of $536.90 million, a PE ratio of 21.25 and a beta of 0.79.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.41%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, November 15th. Community Healthcare Trust’s dividend payout ratio (DPR) is 114.18%.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Community Healthcare Trust by 1.8% during the third quarter. BlackRock Inc. now owns 2,794,923 shares of the real estate investment trust’s stock valued at $86,586,000 after purchasing an additional 50,268 shares during the period. Systematic Financial Management LP increased its holdings in shares of Community Healthcare Trust by 0.7% during the second quarter. Systematic Financial Management LP now owns 702,740 shares of the real estate investment trust’s stock valued at $20,991,000 after purchasing an additional 5,139 shares during the period. Millennium Management LLC increased its holdings in shares of Community Healthcare Trust by 10.2% during the second quarter. Millennium Management LLC now owns 480,176 shares of the real estate investment trust’s stock valued at $14,343,000 after purchasing an additional 44,291 shares during the period. American Century Companies Inc. increased its holdings in shares of Community Healthcare Trust by 2.6% during the second quarter. American Century Companies Inc. now owns 447,588 shares of the real estate investment trust’s stock valued at $13,369,000 after purchasing an additional 11,491 shares during the period. Finally, Eagle Boston Investment Management Inc. increased its holdings in shares of Community Healthcare Trust by 4.5% during the second quarter. Eagle Boston Investment Management Inc. now owns 339,766 shares of the real estate investment trust’s stock valued at $10,148,000 after purchasing an additional 14,696 shares during the period. 89.89% of the stock is currently owned by institutional investors.

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

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