Community Healthcare Trust Inc (NYSE:CHCT) Expected to Announce Earnings of $0.49 Per Share

Wall Street brokerages forecast that Community Healthcare Trust Inc (NYSE:CHCT) will announce earnings of $0.49 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Community Healthcare Trust’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.50. Community Healthcare Trust reported earnings per share of $0.42 in the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The business is expected to issue its next earnings report on Tuesday, August 4th.

On average, analysts expect that Community Healthcare Trust will report full-year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $1.99. For the next year, analysts expect that the company will post earnings of $2.17 per share, with EPS estimates ranging from $2.12 to $2.21. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Community Healthcare Trust.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $17.94 million for the quarter, compared to analysts’ expectations of $17.52 million. Community Healthcare Trust had a return on equity of 3.39% and a net margin of 16.87%.

Several equities research analysts recently commented on CHCT shares. Piper Sandler boosted their price objective on shares of Community Healthcare Trust from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. DA Davidson raised shares of Community Healthcare Trust from a “neutral” rating to a “buy” rating and reduced their price target for the company from $55.00 to $40.00 in a report on Monday, March 30th. Zacks Investment Research lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. SunTrust Banks cut their price objective on Community Healthcare Trust from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, B. Riley lowered Community Healthcare Trust from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Thursday, May 7th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $43.14.

In other Community Healthcare Trust news, Director Robert Z. Hensley acquired 2,630 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $38.70 per share, for a total transaction of $101,781.00. 5.80% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new stake in Community Healthcare Trust in the 4th quarter worth about $49,000. Ensign Peak Advisors Inc purchased a new position in shares of Community Healthcare Trust during the 1st quarter worth about $69,000. KBC Group NV lifted its holdings in shares of Community Healthcare Trust by 81.0% during the 4th quarter. KBC Group NV now owns 3,418 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 1,530 shares during the period. Advisor Group Inc. boosted its position in shares of Community Healthcare Trust by 30.3% in the fourth quarter. Advisor Group Inc. now owns 4,337 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 1,009 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Community Healthcare Trust by 37.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,349 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 1,470 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

CHCT traded down $0.26 during trading on Friday, reaching $41.61. 80,992 shares of the stock were exchanged, compared to its average volume of 194,943. Community Healthcare Trust has a 1 year low of $20.12 and a 1 year high of $52.33. The company has a market capitalization of $922.08 million, a price-to-earnings ratio of 86.69 and a beta of 0.61. The business’s 50 day moving average price is $39.36 and its two-hundred day moving average price is $40.79.

About Community Healthcare Trust

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.

See Also: Net Income

Get a free copy of the Zacks research report on Community Healthcare Trust (CHCT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.