Wall Street analysts forecast that Community Healthcare Trust Incorporated (NYSE:CHCT – Get Rating) will report earnings of $0.59 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Community Healthcare Trust’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.54. Community Healthcare Trust posted earnings of $0.57 per share in the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The firm is scheduled to issue its next earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Community Healthcare Trust will report full year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.30 to $2.64. For the next financial year, analysts expect that the firm will post earnings of $2.74 per share, with EPS estimates ranging from $2.63 to $2.91. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Community Healthcare Trust.
Community Healthcare Trust (NYSE:CHCT – Get Rating) last announced its earnings results on Monday, February 14th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Community Healthcare Trust had a net margin of 24.83% and a return on equity of 4.91%. During the same period in the previous year, the company earned $0.53 earnings per share.
A number of equities analysts have commented on the stock. StockNews.com assumed coverage on shares of Community Healthcare Trust in a report on Thursday, March 31st. They issued a “hold” rating for the company. B. Riley reduced their price objective on shares of Community Healthcare Trust from $52.00 to $50.00 in a research note on Thursday, February 17th. Finally, Zacks Investment Research downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 17th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Community Healthcare Trust by 6.7% during the fourth quarter. BlackRock Inc. now owns 4,873,561 shares of the real estate investment trust’s stock worth $230,374,000 after acquiring an additional 306,364 shares during the period. State Street Corp increased its stake in shares of Community Healthcare Trust by 9.3% in the fourth quarter. State Street Corp now owns 1,345,855 shares of the real estate investment trust’s stock valued at $63,619,000 after buying an additional 114,555 shares during the period. Westwood Holdings Group Inc. raised its position in Community Healthcare Trust by 27.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,076,349 shares of the real estate investment trust’s stock worth $50,879,000 after purchasing an additional 233,350 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Community Healthcare Trust by 4.1% in the 3rd quarter. Royal Bank of Canada now owns 534,081 shares of the real estate investment trust’s stock worth $24,136,000 after purchasing an additional 20,901 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Community Healthcare Trust by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 507,952 shares of the real estate investment trust’s stock valued at $24,010,000 after purchasing an additional 5,083 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.
NYSE:CHCT opened at $36.82 on Monday. Community Healthcare Trust has a 1-year low of $36.67 and a 1-year high of $51.53. The firm has a 50 day moving average price of $41.13. The firm has a market capitalization of $923.19 million, a price-to-earnings ratio of 42.81, a PEG ratio of 1.55 and a beta of 0.57.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 13th will be paid a $0.44 dividend. The ex-dividend date is Thursday, May 12th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.44. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.78%. Community Healthcare Trust’s dividend payout ratio is 203.49%.
About Community Healthcare Trust (Get Rating)
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 our target sub-markets throughout the United States. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.
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