$13.18 Million in Sales Expected for Community Healthcare Trust Inc (CHCT) This Quarter

Brokerages predict that Community Healthcare Trust Inc (NYSE:CHCT) will post sales of $13.18 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Community Healthcare Trust’s earnings, with the highest sales estimate coming in at $13.41 million and the lowest estimate coming in at $12.94 million. Community Healthcare Trust reported sales of $10.96 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.3%. The company is expected to issue its next earnings results on Thursday, February 28th.

On average, analysts expect that Community Healthcare Trust will report full-year sales of $49.61 million for the current year, with estimates ranging from $49.38 million to $49.84 million. For the next financial year, analysts anticipate that the business will report sales of $63.41 million, with estimates ranging from $62.61 million to $64.21 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Community Healthcare Trust.

CHCT has been the topic of a number of research reports. ValuEngine upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Friday, August 10th. SunTrust Banks reiterated a “buy” rating and issued a $36.00 price target on shares of Community Healthcare Trust in a report on Thursday, August 9th. Finally, B. Riley lifted their price target on shares of Community Healthcare Trust from $28.00 to $32.00 and gave the company a “hold” rating in a report on Monday, August 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.50.

Several large investors have recently modified their holdings of CHCT. Principal Financial Group Inc. grew its stake in shares of Community Healthcare Trust by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 132,381 shares of the real estate investment trust’s stock worth $3,407,000 after buying an additional 4,408 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Community Healthcare Trust in the 2nd quarter worth $120,000. Dupont Capital Management Corp purchased a new position in shares of Community Healthcare Trust in the 2nd quarter worth $220,000. Aperio Group LLC purchased a new position in shares of Community Healthcare Trust in the 2nd quarter worth $230,000. Finally, Canandaigua National Bank & Trust Co. purchased a new position in shares of Community Healthcare Trust in the 2nd quarter worth $202,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CHCT opened at $30.99 on Tuesday. The firm has a market capitalization of $584.56 million, a price-to-earnings ratio of 21.81 and a beta of 0.80. Community Healthcare Trust has a 52-week low of $22.41 and a 52-week high of $32.81.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were paid a $0.405 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.40. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Thursday, November 15th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 114.89%.

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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