Analysts forecast that Community Healthcare Trust Inc (NYSE:CHCT) will announce sales of $15.40 million for the current quarter, Zacks reports. Four analysts have provided estimates for Community Healthcare Trust’s earnings. The highest sales estimate is $16.25 million and the lowest is $14.87 million. Community Healthcare Trust reported sales of $12.61 million during the same quarter last year, which would suggest a positive year over year growth rate of 22.1%. The firm is expected to report its next earnings results on Tuesday, November 5th.
On average, analysts expect that Community Healthcare Trust will report full year sales of $59.30 million for the current fiscal year, with estimates ranging from $57.60 million to $61.16 million. For the next fiscal year, analysts anticipate that the firm will report sales of $70.54 million, with estimates ranging from $60.94 million to $78.12 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Community Healthcare Trust.
Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.32). The business had revenue of $14.32 million during the quarter, compared to analysts’ expectations of $14.50 million. Community Healthcare Trust had a return on equity of 1.32% and a net margin of 6.91%.
Several research firms have issued reports on CHCT. Zacks Investment Research cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. ValuEngine cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Janney Montgomery Scott cut Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $37.01.
Hedge funds have recently made changes to their positions in the company. TD Asset Management Inc. purchased a new position in shares of Community Healthcare Trust in the first quarter valued at $255,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of Community Healthcare Trust in the first quarter valued at $215,000. Coastal Investment Advisors Inc. purchased a new position in shares of Community Healthcare Trust in the second quarter valued at $59,000. Nomura Asset Management Co. Ltd. increased its position in shares of Community Healthcare Trust by 461.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 63,720 shares of the real estate investment trust’s stock valued at $2,287,000 after buying an additional 52,370 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Community Healthcare Trust by 1.3% in the second quarter. Arizona State Retirement System now owns 27,798 shares of the real estate investment trust’s stock valued at $1,096,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 91.93% of the company’s stock.
NYSE:CHCT opened at $44.00 on Friday. The stock has a fifty day moving average price of $42.90 and a two-hundred day moving average price of $39.10. The stock has a market capitalization of $854.62 million, a price-to-earnings ratio of 27.67 and a beta of 0.71. Community Healthcare Trust has a 1 year low of $27.54 and a 1 year high of $44.47.
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.412 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Thursday, August 15th. Community Healthcare Trust’s dividend payout ratio is currently 103.77%.
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 $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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