Zacks: Analysts Expect Community Healthcare Trust Inc (NYSE:CHCT) to Announce $0.41 EPS

Wall Street brokerages expect Community Healthcare Trust Inc (NYSE:CHCT) to announce earnings per share (EPS) of $0.41 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Community Healthcare Trust’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.43. Community Healthcare Trust reported earnings per share of $0.40 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The company is scheduled to issue its next quarterly 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 financial year, analysts forecast that the company will post earnings of $2.01 per share, with EPS estimates ranging from $1.95 to $2.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover 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 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Community Healthcare Trust had a return on equity of 1.45% and a net margin of 7.86%. The firm had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.73 million.

CHCT has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. ValuEngine raised shares of Community Healthcare Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 28th. DA Davidson began coverage on shares of Community Healthcare Trust in a research note on Thursday, March 28th. They set a “neutral” rating and a $38.00 target price for the company. Sandler O’Neill lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Finally, Robert W. Baird began coverage on shares of Community Healthcare Trust in a research note on Tuesday, April 9th. They set an “outperform” rating and a $35.05 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $36.84.

Shares of Community Healthcare Trust stock traded down $0.24 on Tuesday, hitting $37.62. The company had a trading volume of 157,800 shares, compared to its average volume of 131,335. The stock has a market capitalization of $725.27 million, a PE ratio of 23.52 and a beta of 0.78. Community Healthcare Trust has a 52 week low of $27.50 and a 52 week high of $39.42.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.41. Community Healthcare Trust’s dividend payout ratio is currently 103.14%.

In other news, CAO Leigh Ann Stach sold 7,500 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $33.59, for a total transaction of $251,925.00. Following the transaction, the chief accounting officer now owns 127,009 shares in the company, valued at approximately $4,266,232.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Horn R. Lawrence Van sold 4,053 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $37.74, for a total transaction of $152,960.22. Following the transaction, 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 currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of CHCT. Texas Permanent School Fund boosted its holdings in Community Healthcare Trust by 5.9% in the 4th quarter. Texas Permanent School Fund now owns 11,522 shares of the real estate investment trust’s stock valued at $332,000 after purchasing an additional 643 shares during the period. D. E. Shaw & Co. Inc. increased its position in Community Healthcare Trust by 91.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 13,190 shares of the real estate investment trust’s stock valued at $380,000 after acquiring an additional 6,300 shares in the last quarter. Northern Trust Corp increased its position in Community Healthcare Trust by 3.6% in the 4th quarter. Northern Trust Corp now owns 253,343 shares of the real estate investment trust’s stock valued at $7,303,000 after acquiring an additional 8,809 shares in the last quarter. Principal Financial Group Inc. increased its position in Community Healthcare Trust by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 142,946 shares of the real estate investment trust’s stock valued at $4,121,000 after acquiring an additional 3,340 shares in the last quarter. Finally, United Services Automobile Association increased its position in Community Healthcare Trust by 18.9% in the 4th quarter. United Services Automobile Association now owns 8,315 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 1,322 shares in the last quarter. Institutional investors and hedge funds own 90.08% of the company’s stock.

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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Earnings History and Estimates for Community Healthcare Trust (NYSE:CHCT)

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