Community Healthcare Trust Incorporated (NYSE:CHCT – Get Rating) – Equities researchers at B. Riley lowered their Q3 2022 earnings per share estimates for shares of Community Healthcare Trust in a research report issued on Tuesday, May 10th. B. Riley analyst B. Maher now forecasts that the real estate investment trust will earn $0.62 per share for the quarter, down from their prior estimate of $0.63. B. Riley currently has a “Neutral” rating and a $43.00 target price on the stock. B. Riley also issued estimates for Community Healthcare Trust’s FY2022 earnings at $2.46 EPS and Q3 2023 earnings at $0.67 EPS.
CHCT has been the topic of several other reports. Zacks Investment Research downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. StockNews.com assumed coverage on Community Healthcare Trust in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.
Community Healthcare Trust (NYSE:CHCT – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). Community Healthcare Trust had a net margin of 24.50% and a return on equity of 4.90%. During the same period in the previous year, the company earned $0.57 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be paid a $0.44 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.44. This represents a $1.76 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, May 12th. Community Healthcare Trust’s dividend payout ratio is presently 203.49%.
A number of large investors have recently made changes to their positions in CHCT. Bank of New York Mellon Corp raised its holdings in shares of Community Healthcare Trust by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 684,945 shares of the real estate investment trust’s stock worth $28,911,000 after purchasing an additional 8,921 shares during the period. Systematic Financial Management LP raised its holdings in shares of Community Healthcare Trust by 10.5% in the 1st quarter. Systematic Financial Management LP now owns 348,563 shares of the real estate investment trust’s stock worth $14,713,000 after purchasing an additional 33,252 shares during the period. State of Tennessee Treasury Department raised its holdings in shares of Community Healthcare Trust by 16.1% in the 1st quarter. State of Tennessee Treasury Department now owns 15,734 shares of the real estate investment trust’s stock worth $665,000 after purchasing an additional 2,186 shares during the period. GSA Capital Partners LLP raised its holdings in shares of Community Healthcare Trust by 30.2% in the 1st quarter. GSA Capital Partners LLP now owns 6,346 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 1,473 shares during the period. Finally, Hightower 6M Holding LLC purchased a new stake in shares of Community Healthcare Trust during the 1st quarter valued at about $407,000. Institutional investors own 87.26% of the company’s stock.
Community Healthcare Trust Company Profile (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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