Community Healthcare Trust Inc (NYSE:CHCT) – Investment analysts at DA Davidson decreased their FY2019 earnings estimates for shares of Community Healthcare Trust in a research note issued to investors on Thursday, November 7th. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will post earnings per share of $1.66 for the year, down from their previous forecast of $1.67.
CHCT has been the topic of several other research reports. 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. ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, B. Riley upped their target price on shares of Community Healthcare Trust from $38.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Community Healthcare Trust currently has an average rating of “Hold” and a consensus target price of $41.61.
NYSE CHCT traded up $0.08 during trading hours on Friday, hitting $45.30. The company’s stock had a trading volume of 100,920 shares, compared to its average volume of 96,467. Community Healthcare Trust has a 52 week low of $27.54 and a 52 week high of $49.17. The company has a market capitalization of $893.29 million, a PE ratio of 28.49 and a beta of 0.72. The company’s 50-day simple moving average is $45.41 and its two-hundred day simple moving average is $41.29.
Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.32). Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.56%. The business had revenue of $16.26 million during the quarter, compared to analyst estimates of $15.54 million.
The firm also recently declared 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 presently 103.77%.
A number of institutional investors have recently bought and sold shares of CHCT. Vanguard Group Inc. lifted its holdings in Community Healthcare Trust by 116.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,209,056 shares of the real estate investment trust’s stock valued at $87,059,000 after buying an additional 1,190,028 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Community Healthcare Trust by 38.0% in 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 buying an additional 140,879 shares during the last quarter. Price T Rowe Associates Inc. MD grew 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 during the last quarter. Nuveen Asset Management LLC purchased a new stake in Community Healthcare Trust during the 2nd quarter worth approximately $3,036,000. Finally, BlackRock Inc. grew its position in Community Healthcare Trust by 2.6% during the 2nd quarter. BlackRock Inc. now owns 3,034,010 shares of the real estate investment trust’s stock worth $119,570,000 after purchasing an additional 75,936 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.
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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