Equities analysts expect that Community Healthcare Trust Inc (NYSE:CHCT) will post earnings per share of $0.36 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Community Healthcare Trust’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.33. Community Healthcare Trust reported earnings of $0.38 per share in the same quarter last year, which would indicate a negative year over year growth rate of 5.3%. The firm is scheduled to report its next earnings results after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Community Healthcare Trust will report full year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.38 to $1.54. For the next year, analysts anticipate that the company will post earnings of $1.73 per share, with EPS estimates ranging from $1.67 to $1.76. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Community Healthcare Trust.
A number of equities analysts have commented on the stock. ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Sandler O’Neill set a $30.00 target price on Community Healthcare Trust and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, B. Riley set a $29.00 target price on Community Healthcare Trust and gave the stock a “neutral” rating in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $28.50.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be issued a dividend of $0.3975 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 6.67%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.40. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 757.18%.
In other Community Healthcare Trust news, CEO Timothy G. Wallace bought 10,099 shares of the stock in a transaction on Monday, December 11th. The stock was purchased at an average price of $26.93 per share, with a total value of $271,966.07. Following the completion of the purchase, the chief executive officer now owns 448,206 shares in the company, valued at $12,070,187.58. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy G. Wallace bought 4,949 shares of the stock in a transaction on Wednesday, December 13th. The shares were acquired at an average cost of $27.60 per share, with a total value of $136,592.40. Following the purchase, the chief executive officer now owns 463,222 shares of the company’s stock, valued at approximately $12,784,927.20. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 25,064 shares of company stock valued at $677,488. 5.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in Community Healthcare Trust by 2.4% during the second quarter. Wells Fargo & Company MN now owns 8,515 shares of the real estate investment trust’s stock worth $218,000 after acquiring an additional 200 shares in the last quarter. Voya Investment Management LLC raised its stake in Community Healthcare Trust by 11.4% during the second quarter. Voya Investment Management LLC now owns 9,828 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 1,004 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Community Healthcare Trust by 11.3% during the second quarter. The Manufacturers Life Insurance Company now owns 13,414 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 1,360 shares in the last quarter. Rhumbline Advisers raised its stake in Community Healthcare Trust by 12.3% during the third quarter. Rhumbline Advisers now owns 18,833 shares of the real estate investment trust’s stock worth $508,000 after acquiring an additional 2,068 shares in the last quarter. Finally, American International Group Inc. raised its stake in Community Healthcare Trust by 20.2% during the fourth quarter. American International Group Inc. now owns 13,665 shares of the real estate investment trust’s stock worth $384,000 after acquiring an additional 2,292 shares in the last quarter. 89.59% of the stock is owned by hedge funds and other institutional investors.
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Community Healthcare Trust Company Profile
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.
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