Brokerages predict that Community Healthcare Trust Inc (NYSE:CHCT) will announce $0.42 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Community Healthcare Trust’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.42. Community Healthcare Trust reported earnings per share of $0.37 in the same quarter last year, which would indicate a positive year over year growth rate of 13.5%. The company is scheduled to announce its next earnings report on Thursday, February 28th.

On average, analysts expect that Community Healthcare Trust will report full year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.58 to $1.62. For the next fiscal year, analysts forecast that the business will post earnings of $1.88 per share, with EPS estimates ranging from $1.82 to $1.93. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Community Healthcare Trust.

Several equities research analysts have issued reports on CHCT shares. ValuEngine upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. UBS Group began coverage on shares of Community Healthcare Trust in a research note on Friday, November 16th. They set a “sell” rating for the company. Zacks Investment Research upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, October 3rd. Finally, B. Riley decreased their target price on shares of Community Healthcare Trust from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.50.

CHCT traded down $0.02 during trading on Friday, hitting $31.15. 1,173 shares of the company’s stock were exchanged, compared to its average volume of 77,830. Community Healthcare Trust has a 1 year low of $22.41 and a 1 year high of $32.81. The company has a market cap of $561.20 million, a P/E ratio of 22.11 and a beta of 0.81.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were paid a $0.405 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.40. This represents a $1.62 annualized dividend and a dividend yield of 5.20%. Community Healthcare Trust’s dividend payout ratio is 114.89%.

Hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of Community Healthcare Trust by 326.2% in the second quarter. Advisors Asset Management Inc. now owns 204,819 shares of the real estate investment trust’s stock valued at $2,274,000 after purchasing an additional 156,766 shares during the period. BlackRock Inc. raised its holdings in Community Healthcare Trust by 4.2% in the second quarter. BlackRock Inc. now owns 2,744,655 shares of the real estate investment trust’s stock valued at $81,983,000 after acquiring an additional 109,825 shares in the last quarter. Sei Investments Co. raised its holdings in Community Healthcare Trust by 9.5% in the second quarter. Sei Investments Co. now owns 130,383 shares of the real estate investment trust’s stock valued at $3,895,000 after acquiring an additional 11,312 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Community Healthcare Trust in the second quarter valued at $223,000. Finally, Systematic Financial Management LP raised its holdings in Community Healthcare Trust by 0.7% in the second quarter. Systematic Financial Management LP now owns 702,740 shares of the real estate investment trust’s stock valued at $20,991,000 after acquiring an additional 5,139 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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 $416.8 million in 91 real estate properties as of June 30, 2018, located in 27 states, totaling approximately 2.1 million square feet.

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Earnings History and Estimates for Community Healthcare Trust (NYSE:CHCT)

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