B. Riley Weighs in on Community Healthcare Trust Inc’s FY2017 Earnings (CHCT)
Community Healthcare Trust Inc (NYSE:CHCT) – B. Riley issued their FY2017 earnings estimates for Community Healthcare Trust in a research report issued to clients and investors on Monday. B. Riley analyst B. Maher expects that the real estate investment trust will earn $1.38 per share for the year. B. Riley has a “Neutral” rating and a $29.00 price target on the stock. B. Riley also issued estimates for Community Healthcare Trust’s Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $1.67 EPS, FY2019 earnings at $1.92 EPS and FY2020 earnings at $2.11 EPS.
Other research analysts have also issued reports about the stock. ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Finally, Zacks Investment Research lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $27.75.
Shares of Community Healthcare Trust (CHCT) opened at $28.64 on Wednesday. Community Healthcare Trust has a 12-month low of $21.33 and a 12-month high of $30.64. The stock has a market cap of $517.43, a P/E ratio of 19.73 and a beta of 0.99.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in shares of Community Healthcare Trust by 20.9% in the first quarter. Bank of America Corp DE now owns 5,141 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 888 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Community Healthcare Trust during the 2nd quarter worth approximately $201,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Community Healthcare Trust during the 2nd quarter worth approximately $204,000. First Allied Advisory Services Inc. acquired a new stake in shares of Community Healthcare Trust during the 3rd quarter worth approximately $214,000. Finally, Wells Fargo & Company MN grew its position in shares of Community Healthcare Trust by 2.4% during the 2nd quarter. Wells Fargo & Company MN now owns 8,515 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 200 shares during the period. 85.49% of the stock is owned by institutional investors.
In related news, CEO Timothy G. Wallace bought 10,016 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of $26.85 per share, with a total value of $268,929.60. Following the completion of the purchase, the chief executive officer now owns 428,060 shares in the company, valued at approximately $11,493,411. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Timothy G. Wallace bought 10,099 shares of the company’s stock in a transaction on Monday, December 11th. The stock was bought at an average cost of $26.93 per share, with a total value of $271,966.07. Following the completion of the purchase, the chief executive officer now owns 448,206 shares of the company’s stock, valued at approximately $12,070,187.58. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 25,064 shares of company stock valued at $677,488. Insiders own 5.50% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a $0.395 dividend. The ex-dividend date was Thursday, November 16th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.39. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.52%. Community Healthcare Trust’s payout ratio is currently 752.42%.
About Community Healthcare Trust
Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.
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