$0.41 EPS Expected for Community Healthcare Trust Inc (CHCT) This Quarter

Analysts expect Community Healthcare Trust Inc (NYSE:CHCT) to announce earnings of $0.41 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Community Healthcare Trust’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.41. Community Healthcare Trust reported earnings per share of $0.40 in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The company is expected to report its next earnings results on Tuesday, August 6th.

On average, analysts expect that Community Healthcare Trust will report full-year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.63 to $1.73. For the next year, analysts forecast that the firm will post earnings of $2.01 per share, with EPS estimates ranging from $1.95 to $2.07. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Community Healthcare Trust.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a net margin of 7.86% and a return on equity of 1.45%. The business had revenue of $13.44 million during the quarter, compared to analyst estimates of $13.73 million.

CHCT has been the subject of several recent research reports. Zacks Investment Research raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. DA Davidson initiated coverage on Community Healthcare Trust in a research report on Thursday, March 28th. They set a “neutral” rating and a $38.00 price objective for the company. ValuEngine raised Community Healthcare Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. Sandler O’Neill cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Finally, Berenberg Bank initiated coverage on Community Healthcare Trust in a research report on Tuesday, April 23rd. They set a “buy” rating and a $41.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $36.84.

NYSE:CHCT opened at $38.32 on Tuesday. Community Healthcare Trust has a 1 year low of $27.43 and a 1 year high of $39.42. The stock has a market capitalization of $724.52 million, a price-to-earnings ratio of 24.10 and a beta of 0.79.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a dividend of $0.41 per share. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.41. This represents a $1.64 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Thursday, May 16th. Community Healthcare Trust’s dividend payout ratio is currently 103.14%.

In related news, CAO Leigh Ann Stach sold 7,500 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $33.59, for a total transaction of $251,925.00. Following the sale, the chief accounting officer now owns 127,009 shares in the company, valued at $4,266,232.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Horn R. Lawrence Van sold 4,053 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $37.74, for a total value of $152,960.22. Following the sale, the director now owns 19,439 shares in the company, valued at approximately $733,627.86. The disclosure for this sale can be found here. 5.70% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Synovus Financial Corp bought a new stake in Community Healthcare Trust during the fourth quarter worth about $29,000. Quantamental Technologies LLC bought a new stake in Community Healthcare Trust during the first quarter worth about $36,000. Advisor Group Inc. bought a new stake in Community Healthcare Trust in the fourth quarter valued at approximately $31,000. LS Investment Advisors LLC raised its stake in Community Healthcare Trust by 205.1% in the fourth quarter. LS Investment Advisors LLC now owns 1,739 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,169 shares during the period. Finally, Private Capital Group LLC bought a new stake in Community Healthcare Trust in the first quarter valued at approximately $74,000. Institutional investors and hedge funds own 90.08% of the company’s stock.

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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