FY2019 EPS Estimates for Community Healthcare Trust Inc (NYSE:CHCT) Lowered by DA Davidson

Community Healthcare Trust Inc (NYSE:CHCT) – Research analysts at DA Davidson decreased their FY2019 earnings per share (EPS) estimates for Community Healthcare Trust in a research report issued on Thursday, November 7th. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will earn $1.66 per share for the year, down from their prior forecast of $1.67.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results 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 return on equity of 1.56% and a net margin of 7.61%. The business had revenue of $16.26 million during the quarter, compared to the consensus estimate of $15.54 million.

Several other research analysts have also recently weighed in on CHCT. ValuEngine cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Zacks Investment Research cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, B. Riley raised their target price on Community Healthcare Trust from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $41.61.

CHCT stock traded up $0.08 during trading hours on Friday, hitting $45.30. 100,920 shares of the stock traded hands, compared to its average volume of 96,467. The stock has a 50-day simple moving average of $45.41 and a 200 day simple moving average of $41.29. Community Healthcare Trust has a one year low of $27.54 and a one year high of $49.17. The company has a market cap of $893.29 million, a P/E ratio of 28.49 and a beta of 0.72.

A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in Community Healthcare Trust during the third quarter valued at about $52,000. Opus Capital Group LLC bought a new position in Community Healthcare Trust during the third quarter valued at about $211,000. Texas Permanent School Fund boosted its position in shares of Community Healthcare Trust by 2.1% in the 3rd quarter. Texas Permanent School Fund now owns 12,417 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 255 shares during the period. Comerica Bank boosted its position in shares of Community Healthcare Trust by 1.9% in the 3rd quarter. Comerica Bank now owns 17,299 shares of the real estate investment trust’s stock valued at $803,000 after purchasing an additional 325 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Community Healthcare Trust by 172.3% in the 3rd quarter. California Public Employees Retirement System now owns 41,552 shares of the real estate investment trust’s stock valued at $1,851,000 after purchasing an additional 26,292 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

The company also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.415 per share. 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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