Zacks: Brokerages Expect Community Healthcare Trust Inc (CHCT) to Post $0.41 Earnings Per Share

Analysts predict that Community Healthcare Trust Inc (NYSE:CHCT) will announce earnings per share (EPS) of $0.41 for the current quarter, Zacks reports. Three analysts have made estimates for Community Healthcare Trust’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.41. Community Healthcare Trust reported earnings of $0.39 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, May 7th.

According to Zacks, analysts expect that Community Healthcare Trust will report full-year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $1.79. For the next year, analysts forecast that the company will post earnings of $2.07 per share, with EPS estimates ranging from $2.05 to $2.09. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Community Healthcare Trust.

Several analysts have recently weighed in on the stock. DA Davidson assumed coverage on shares of Community Healthcare Trust in a research report on Thursday, March 28th. They set a “neutral” rating and a $38.00 target price on the stock. ValuEngine upgraded shares of Community Healthcare Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. Zacks Investment Research lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Sandler O’Neill lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Finally, Berenberg Bank began coverage on shares of Community Healthcare Trust in a report on Tuesday. They set a “buy” rating and a $41.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.34.

NYSE CHCT traded up $0.66 during midday trading on Friday, hitting $36.73. The company had a trading volume of 384 shares, compared to its average volume of 113,688. The firm has a market capitalization of $661.23 million, a price-to-earnings ratio of 22.97 and a beta of 0.96. Community Healthcare Trust has a fifty-two week low of $24.54 and a fifty-two week high of $37.14.

In related news, CAO Leigh Ann Stach sold 7,500 shares of Community Healthcare Trust stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $33.59, for a total transaction of $251,925.00. Following the completion of the transaction, the chief accounting officer now directly owns 127,009 shares of the company’s stock, valued at approximately $4,266,232.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its stake in shares of Community Healthcare Trust by 5.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,350 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 600 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of Community Healthcare Trust by 5.9% in the fourth quarter. Texas Permanent School Fund now owns 11,522 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 643 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Community Healthcare Trust by 1.7% in the fourth quarter. Legal & General Group Plc now owns 37,660 shares of the real estate investment trust’s stock worth $1,087,000 after purchasing an additional 647 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Community Healthcare Trust by 40.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,348 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 672 shares in the last quarter. Finally, Synovus Financial Corp bought a new stake in shares of Community Healthcare Trust in the fourth quarter worth $29,000. 84.72% of the stock is owned by institutional investors.

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 $444.9 million in 103 real estate properties as of December 31, 2018, located in 29 states, totaling approximately 2.2 million square feet.

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