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%.
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
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