Community Healthcare Trust Inc (NYSE:CHCT) – Research analysts at B. Riley issued their FY2017 earnings per share estimates for shares of Community Healthcare Trust in a research note issued on Monday. B. Riley analyst B. Maher expects that the real estate investment trust will post earnings per share of $1.38 for the year. B. Riley currently has a “Neutral” rating and a $29.00 price target on the stock. B. Riley also issued estimates for Community Healthcare Trust’s Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $1.67 EPS, FY2019 earnings at $1.92 EPS and FY2020 earnings at $2.11 EPS.
Other equities analysts have also issued research reports about the company. BidaskClub raised Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Zacks Investment Research raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Community Healthcare Trust presently has a consensus rating of “Hold” and an average target price of $27.75.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a $0.395 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.39. This represents a $1.58 annualized dividend and a dividend yield of 5.49%. The ex-dividend date was Thursday, November 16th. Community Healthcare Trust’s dividend payout ratio is 718.18%.
In other Community Healthcare Trust news, CEO Timothy G. Wallace purchased 10,099 shares of the stock in a transaction on Monday, December 11th. The stock was bought at an average cost of $26.93 per share, for a total transaction of $271,966.07. Following the completion of the acquisition, the chief executive officer now directly owns 448,206 shares of the company’s stock, valued at $12,070,187.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy G. Wallace purchased 4,949 shares of the stock in a transaction on Wednesday, December 13th. The stock was acquired at an average price of $27.60 per share, with a total value of $136,592.40. Following the completion of the acquisition, the chief executive officer now directly owns 463,222 shares of the company’s stock, valued at $12,784,927.20. The disclosure for this purchase can be found here. Insiders acquired 25,064 shares of company stock valued at $677,488 over the last 90 days. Corporate insiders own 5.50% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Prudential Financial Inc. grew its holdings in shares of Community Healthcare Trust by 33.5% during the third quarter. Prudential Financial Inc. now owns 1,582,381 shares of the real estate investment trust’s stock worth $42,661,000 after buying an additional 397,515 shares in the last quarter. Systematic Financial Management LP grew its stake in Community Healthcare Trust by 20.3% in the third quarter. Systematic Financial Management LP now owns 748,026 shares of the real estate investment trust’s stock valued at $20,167,000 after purchasing an additional 126,413 shares in the last quarter. Royal Bank of Canada grew its stake in Community Healthcare Trust by 2.9% in the second quarter. Royal Bank of Canada now owns 647,412 shares of the real estate investment trust’s stock valued at $16,567,000 after purchasing an additional 18,152 shares in the last quarter. FMR LLC grew its stake in Community Healthcare Trust by 2.8% in the second quarter. FMR LLC now owns 632,864 shares of the real estate investment trust’s stock valued at $16,195,000 after purchasing an additional 17,028 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Community Healthcare Trust by 11.6% in the second quarter. Vanguard Group Inc. now owns 622,120 shares of the real estate investment trust’s stock valued at $15,920,000 after purchasing an additional 64,533 shares in the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.
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About Community Healthcare Trust
Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.
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