Community Healthcare Trust Inc (NYSE:CHCT) – Equities researchers at SunTrust Banks cut their FY2019 earnings estimates for Community Healthcare Trust in a report released on Monday, August 19th. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings per share of $1.67 for the year, down from their previous forecast of $1.70. SunTrust Banks also issued estimates for Community Healthcare Trust’s Q4 2019 earnings at $0.45 EPS, Q1 2020 earnings at $0.46 EPS, Q2 2020 earnings at $0.49 EPS, Q3 2020 earnings at $0.51 EPS, Q4 2020 earnings at $0.53 EPS, FY2020 earnings at $1.99 EPS, FY2021 earnings at $2.29 EPS and FY2023 earnings at $2.94 EPS.
Several other brokerages also recently weighed in on CHCT. Janney Montgomery Scott downgraded shares of Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. Zacks Investment Research downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.01.
Shares of CHCT opened at $43.30 on Wednesday. Community Healthcare Trust has a fifty-two week low of $27.54 and a fifty-two week high of $43.89. The firm’s 50 day moving average price is $41.68 and its 200 day moving average price is $37.59. The company has a market cap of $839.29 million, a P/E ratio of 27.23 and a beta of 0.73.
Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.32). The company had revenue of $14.32 million during the quarter, compared to analysts’ expectations of $14.50 million. Community Healthcare Trust had a net margin of 6.91% and a return on equity of 1.32%.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.412 per share. This represents a $1.65 annualized dividend and a yield of 3.81%. The ex-dividend date is Thursday, August 15th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 103.77%.
In other Community Healthcare Trust news, Director Horn R. Lawrence Van sold 4,053 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $37.74, for a total transaction of $152,960.22. Following the completion of the transaction, the director now owns 19,439 shares in the company, valued at approximately $733,627.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC acquired a new position in Community Healthcare Trust during the 1st quarter worth approximately $36,000. Coastal Investment Advisors Inc. acquired a new position in shares of Community Healthcare Trust in the 2nd quarter valued at $59,000. Private Capital Group LLC acquired a new position in shares of Community Healthcare Trust in the 1st quarter valued at $74,000. KBC Group NV acquired a new position in shares of Community Healthcare Trust in the 2nd quarter valued at $74,000. Finally, Bank of Montreal Can boosted its holdings in shares of Community Healthcare Trust by 318.9% in the 2nd quarter. Bank of Montreal Can now owns 2,191 shares of the real estate investment trust’s stock valued at $86,000 after buying an additional 1,668 shares in the last quarter. Institutional investors own 86.92% of the company’s stock.
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 $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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