B. Riley Weighs in on Community Healthcare Trust Inc’s FY2017 Earnings (NYSE:CHCT)

Community Healthcare Trust Inc (NYSE:CHCT) – Equities researchers at B. Riley issued their FY2017 earnings per share (EPS) estimates for Community Healthcare Trust in a research note issued to investors on Monday, according to Zacks Investment Research. B. Riley analyst B. Maher forecasts that the real estate investment trust will earn $1.38 per share for the year. B. Riley has a “Neutral” rating and a $29.00 price target on the stock. B. Riley also issued estimates for Community Healthcare Trust’s Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $1.67 EPS, FY2019 earnings at $1.92 EPS and FY2020 earnings at $2.11 EPS.

Several other brokerages have also recently issued reports on CHCT. BidaskClub cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Community Healthcare Trust has an average rating of “Hold” and a consensus price target of $27.75.

Shares of Community Healthcare Trust (NYSE CHCT) traded down $0.36 during midday trading on Wednesday, hitting $25.84. 135,852 shares of the stock traded hands, compared to its average volume of 182,482. Community Healthcare Trust has a one year low of $21.33 and a one year high of $30.64. The stock has a market cap of $484.16 and a PE ratio of 117.45.

A number of hedge funds have recently modified their holdings of CHCT. Vanguard Group Inc. lifted its holdings in Community Healthcare Trust by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 557,587 shares of the real estate investment trust’s stock worth $13,327,000 after buying an additional 4,406 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Community Healthcare Trust by 2.7% in the 1st quarter. Geode Capital Management LLC now owns 126,896 shares of the real estate investment trust’s stock worth $3,032,000 after buying an additional 3,373 shares in the last quarter. Bank of America Corp DE lifted its holdings in Community Healthcare Trust by 20.9% in the 1st quarter. Bank of America Corp DE now owns 5,141 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 888 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Community Healthcare Trust by 2.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 134,789 shares of the real estate investment trust’s stock worth $3,450,000 after buying an additional 3,563 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Community Healthcare Trust by 6.7% in the 2nd quarter. Rhumbline Advisers now owns 16,765 shares of the real estate investment trust’s stock worth $429,000 after buying an additional 1,055 shares in the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.

In other news, CEO Timothy G. Wallace acquired 4,949 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were purchased at an average price of $27.60 per share, for a total transaction of $136,592.40. Following the acquisition, the chief executive officer now directly owns 463,222 shares of the company’s stock, valued at approximately $12,784,927.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy G. Wallace acquired 10,016 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average price of $26.85 per share, for a total transaction of $268,929.60. Following the acquisition, the chief executive officer now directly owns 428,060 shares in the company, valued at $11,493,411. The disclosure for this purchase can be found here. Insiders have purchased a total of 25,064 shares of company stock worth $677,488 in the last 90 days. Company insiders own 5.50% of the company’s stock.

WARNING: This piece was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://stocknewstimes.com/2018/01/11/equities-analysts-set-expectations-for-community-healthcare-trust-incs-fy2017-earnings-chct.html.

About Community Healthcare Trust

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.

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

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.

Latest News

Leave a Reply