$0.41 EPS Expected for Community Healthcare Trust Inc (NYSE:CHCT) This Quarter

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Analysts predict that Community Healthcare Trust Inc (NYSE:CHCT) will report $0.41 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Community Healthcare Trust’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.41. Community Healthcare Trust reported earnings of $0.40 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The company is scheduled to announce its next quarterly earnings report after the market closes 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 fiscal year, with EPS estimates ranging from $1.63 to $1.73. For the next fiscal year, analysts expect that the company will post earnings of $2.01 per share, with EPS estimates ranging from $1.95 to $2.07. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Community Healthcare Trust.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). The business had revenue of $13.44 million for the quarter, compared to the consensus estimate of $13.73 million. Community Healthcare Trust had a return on equity of 1.45% and a net margin of 7.86%.

CHCT has been the subject of a number of recent research reports. Janney Montgomery Scott downgraded shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. DA Davidson initiated coverage on shares of BRT Apartments in a research note on Thursday, March 28th. They set a “buy” rating and a $16.00 price target for the company. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Robert W. Baird set a $134.00 price objective on shares of Carlisle Companies and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Zacks Investment Research cut shares of General Finance from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.84.

In other news, Director Horn R. Lawrence Van sold 4,053 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $37.74, for a total value of $152,960.22. Following the completion of the transaction, the director now owns 19,439 shares in the company, valued at $733,627.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.70% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new stake in shares of Community Healthcare Trust in the first quarter worth $36,000. Advisor Group Inc. acquired a new position in shares of Community Healthcare Trust in the fourth quarter valued at about $31,000. Private Capital Group LLC acquired a new position in shares of Community Healthcare Trust in the first quarter valued at about $74,000. BNP Paribas Arbitrage SA grew its stake in shares of Community Healthcare Trust by 521.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,147 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 3,480 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Community Healthcare Trust in the fourth quarter valued at about $144,000. Institutional investors own 90.08% of the company’s stock.

CHCT opened at $40.01 on Friday. The company has a market capitalization of $754.49 million, a P/E ratio of 25.16 and a beta of 0.73. The business’s 50 day simple moving average is $39.41. Community Healthcare Trust has a fifty-two week low of $27.54 and a fifty-two week high of $41.47.

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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