Brokerages Expect Community Healthcare Trust Incorporated (NYSE:CHCT) to Announce $0.59 Earnings Per Share

Brokerages expect Community Healthcare Trust Incorporated (NYSE:CHCTGet Rating) to report earnings of $0.59 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Community Healthcare Trust’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.63. Community Healthcare Trust reported earnings of $0.57 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The company is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that Community Healthcare Trust will report full-year earnings of $2.48 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.64. For the next year, analysts forecast that the company will post earnings of $2.74 per share, with EPS estimates ranging from $2.63 to $2.91. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Community Healthcare Trust.

Community Healthcare Trust (NYSE:CHCTGet Rating) last issued its quarterly earnings data on Monday, February 14th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Community Healthcare Trust had a return on equity of 4.91% and a net margin of 24.83%. During the same quarter last year, the firm posted $0.53 earnings per share.

Several equities analysts have recently commented on CHCT shares. B. Riley dropped their target price on shares of Community Healthcare Trust from $52.00 to $50.00 in a research report on Thursday, February 17th. StockNews.com assumed coverage on shares of Community Healthcare Trust in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 17th.

Community Healthcare Trust stock traded up $0.09 during midday trading on Friday, hitting $41.57. The company’s stock had a trading volume of 52,771 shares, compared to its average volume of 81,721. The company has a 50-day moving average price of $41.90 and a two-hundred day moving average price of $44.38. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 48.34, a PEG ratio of 1.68 and a beta of 0.57. Community Healthcare Trust has a 1-year low of $39.42 and a 1-year high of $52.54.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Tuesday, February 22nd were issued a dividend of $0.438 per share. This represents a $1.75 dividend on an annualized basis and a yield of 4.21%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, February 18th. Community Healthcare Trust’s payout ratio is presently 203.49%.

Large investors have recently bought and sold shares of the company. RMB Capital Management LLC boosted its stake in shares of Community Healthcare Trust by 51.0% in the 4th quarter. RMB Capital Management LLC now owns 23,774 shares of the real estate investment trust’s stock valued at $1,124,000 after purchasing an additional 8,030 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Community Healthcare Trust by 3.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,133 shares of the real estate investment trust’s stock valued at $2,181,000 after buying an additional 1,543 shares during the period. Barclays PLC grew its stake in shares of Community Healthcare Trust by 11.3% in the 3rd quarter. Barclays PLC now owns 27,313 shares of the real estate investment trust’s stock valued at $1,233,000 after buying an additional 2,774 shares during the period. Voya Investment Management LLC grew its stake in shares of Community Healthcare Trust by 3.4% in the 3rd quarter. Voya Investment Management LLC now owns 9,579 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 318 shares during the period. Finally, 6 Meridian acquired a new stake in shares of Community Healthcare Trust in the 3rd quarter valued at about $384,000. 86.60% of the stock is currently owned by institutional investors.

About Community Healthcare Trust (Get Rating)

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 our target sub-markets throughout the United States. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.

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