Wall Street analysts expect that Community Healthcare Trust Inc (NYSE:CHCT) will announce earnings of $0.44 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Community Healthcare Trust’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.43. Community Healthcare Trust reported earnings of $0.39 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.8%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, November 5th.
On average, analysts expect that Community Healthcare Trust will report full year earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.67. For the next financial year, analysts expect that the firm will report earnings of $2.01 per share, with EPS estimates ranging from $1.96 to $2.06. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Community Healthcare Trust.
Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.32). The firm had revenue of $14.32 million for the quarter, compared to analysts’ expectations of $14.50 million. Community Healthcare Trust had a net margin of 6.91% and a return on equity of 1.32%.
CHCT has been the subject of several analyst reports. ValuEngine cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Zacks Investment Research cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Janney Montgomery Scott cut Community Healthcare Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $37.01.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coastal Investment Advisors Inc. acquired a new position in Community Healthcare Trust in the 2nd quarter worth about $59,000. Bank of Montreal Can raised its holdings in Community Healthcare Trust by 318.9% in the 2nd quarter. Bank of Montreal Can now owns 2,191 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 1,668 shares during the period. BB&T Securities LLC raised its holdings in Community Healthcare Trust by 12.7% in the 2nd quarter. BB&T Securities LLC now owns 8,900 shares of the real estate investment trust’s stock worth $350,000 after purchasing an additional 1,000 shares during the period. Arizona State Retirement System raised its holdings in Community Healthcare Trust by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 27,798 shares of the real estate investment trust’s stock worth $1,096,000 after purchasing an additional 365 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Community Healthcare Trust by 24.3% during the second quarter. JPMorgan Chase & Co. now owns 31,085 shares of the real estate investment trust’s stock valued at $1,212,000 after acquiring an additional 6,075 shares during the last quarter. 91.97% of the stock is owned by institutional investors.
Shares of CHCT stock opened at $46.54 on Friday. The stock has a market cap of $896.79 million, a PE ratio of 29.27 and a beta of 0.71. The business has a 50-day simple moving average of $43.61 and a 200-day simple moving average of $40.15. Community Healthcare Trust has a 52-week low of $27.54 and a 52-week high of $46.94.
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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