Zacks: Brokerages Expect Community Healthcare Trust Inc (NYSE:CHCT) Will Post Earnings of $0.46 Per Share

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Equities research analysts expect Community Healthcare Trust Inc (NYSE:CHCT) to report earnings per share of $0.46 for the current quarter, Zacks reports. Three analysts have made estimates for Community Healthcare Trust’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.45. Community Healthcare Trust posted earnings of $0.41 per share during the same quarter last year, which indicates a positive year over year growth rate of 12.2%. The business is expected to report its next quarterly earnings report on Tuesday, February 25th.

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 $1.65 to $1.68. For the next financial year, analysts forecast that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.97 to $2.07. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Community Healthcare Trust.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.32). Community Healthcare Trust had a return on equity of 1.53% and a net margin of 7.61%. The firm had revenue of $16.26 million during the quarter, compared to analysts’ expectations of $15.54 million.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, January 7th. Sandler O’Neill raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Monday, November 18th. SunTrust Banks reissued a “positive” rating and issued a $50.00 price objective on shares of Community Healthcare Trust in a research report on Tuesday, December 3rd. Finally, Evercore ISI reissued a “hold” rating on shares of Community Healthcare Trust in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Community Healthcare Trust has an average rating of “Buy” and a consensus price target of $43.84.

Community Healthcare Trust stock opened at $45.24 on Friday. Community Healthcare Trust has a 1-year low of $31.31 and a 1-year high of $49.17. The firm has a market capitalization of $912.84 million, a P/E ratio of 301.60 and a beta of 0.66. The company’s 50-day moving average is $44.28 and its 200 day moving average is $43.89.

In other news, COO W. Page Barnes sold 5,263 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.00, for a total transaction of $242,098.00. Following the transaction, the chief operating officer now directly owns 190,463 shares of the company’s stock, valued at $8,761,298. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Community Healthcare Trust by 2.6% during the second quarter. BlackRock Inc. now owns 3,034,010 shares of the real estate investment trust’s stock worth $119,570,000 after acquiring an additional 75,936 shares during the period. Vanguard Group Inc. increased its position in shares of Community Healthcare Trust by 116.8% during the second quarter. Vanguard Group Inc. now owns 2,209,056 shares of the real estate investment trust’s stock worth $87,059,000 after acquiring an additional 1,190,028 shares during the period. State Street Corp increased its position in shares of Community Healthcare Trust by 2.7% during the third quarter. State Street Corp now owns 597,920 shares of the real estate investment trust’s stock worth $26,637,000 after acquiring an additional 15,561 shares during the period. Bank of New York Mellon Corp increased its position in shares of Community Healthcare Trust by 38.0% during the second 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 acquiring an additional 140,879 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Community Healthcare Trust by 22.7% during the second 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 acquiring an additional 88,938 shares during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

About Community Healthcare Trust

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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