Wall Street analysts forecast that Community Healthcare Trust Inc (NYSE:CHCT) will announce $0.46 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Community Healthcare Trust’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.46. Community Healthcare Trust posted earnings per share of $0.41 during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The company is expected to issue its next quarterly earnings report on Tuesday, February 25th.
On average, analysts expect that Community Healthcare Trust will report full year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.67. For the next fiscal year, analysts expect that the firm will post earnings of $2.01 per share, with EPS estimates ranging from $1.97 to $2.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Community Healthcare Trust.
Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.32). Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.53%. The business had revenue of $16.26 million for the quarter, compared to the consensus estimate of $15.54 million.
NYSE:CHCT traded up $0.03 during midday trading on Friday, reaching $45.13. 146,700 shares of the stock traded hands, compared to its average volume of 119,294. Community Healthcare Trust has a 12-month low of $27.54 and a 12-month high of $49.17. The business has a 50-day moving average of $45.64 and a two-hundred day moving average of $41.57. The stock has a market capitalization of $919.70 million, a PE ratio of 28.38 and a beta of 0.72.
The company also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Thursday, November 14th. Community Healthcare Trust’s payout ratio is 103.77%.
In related news, COO W. Page Barnes sold 5,263 shares of the 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 completion of the sale, the chief operating officer now owns 190,463 shares of the company’s stock, valued at $8,761,298. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Coastal Investment Advisors Inc. purchased a new position in shares of Community Healthcare Trust in the second quarter worth $59,000. Bank of Montreal Can raised its holdings in shares of Community Healthcare Trust by 318.9% in the second quarter. Bank of Montreal Can now owns 2,191 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 1,668 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Community Healthcare Trust by 5.3% in the third quarter. Rhumbline Advisers now owns 57,559 shares of the real estate investment trust’s stock worth $2,564,000 after buying an additional 2,896 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Community Healthcare Trust by 116.8% in 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 buying an additional 1,190,028 shares during the last quarter. Finally, BB&T Securities LLC raised its holdings in shares of Community Healthcare Trust by 12.7% in the second quarter. BB&T Securities LLC now owns 8,900 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 1,000 shares during the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.
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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