Equities research analysts expect Community Healthcare Trust Inc (NYSE:CHCT) to post earnings of $0.42 per share for the current quarter, according to Zacks. Two analysts have made estimates for Community Healthcare Trust’s earnings, with estimates ranging from $0.40 to $0.44. Community Healthcare Trust posted earnings of $0.31 per share in the same quarter last year, which would indicate a positive year over year growth rate of 35.5%. The business is expected to report its next earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Community Healthcare Trust will report full year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.64 to $1.68. For the next year, analysts expect that the firm will report earnings of $1.95 per share, with EPS estimates ranging from $1.92 to $1.97. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Community Healthcare Trust.

Several equities analysts have issued reports on the company. Zacks Investment Research raised Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, August 10th. TheStreet upgraded shares of Community Healthcare Trust from a “c” rating to a “b” rating in a research note on Monday, May 21st. ValuEngine downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Monday, June 4th. SunTrust Banks reiterated a “buy” rating and set a $36.00 target price on shares of Community Healthcare Trust in a research note on Thursday, August 9th. Finally, B. Riley increased their target price on shares of Community Healthcare Trust from $28.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, August 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.75.

Shares of CHCT stock traded up $0.08 during mid-day trading on Wednesday, hitting $30.67. 2,754 shares of the stock were exchanged, compared to its average volume of 124,642. The firm has a market cap of $558.38 million, a price-to-earnings ratio of 21.72 and a beta of 0.80. Community Healthcare Trust has a 12-month low of $22.41 and a 12-month high of $32.81.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were paid a dividend of $0.403 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $1.61 annualized dividend and a dividend yield of 5.26%. Community Healthcare Trust’s dividend payout ratio is 114.18%.

Several institutional investors and hedge funds have recently made changes to their positions in CHCT. Piedmont Investment Advisors LLC acquired a new stake in Community Healthcare Trust in the second quarter valued at about $120,000. Municipal Employees Retirement System of Michigan acquired a new stake in Community Healthcare Trust in the first quarter valued at about $169,000. Canandaigua National Bank & Trust Co. acquired a new stake in Community Healthcare Trust in the second quarter valued at about $202,000. United Services Automobile Association acquired a new stake in Community Healthcare Trust in the second quarter valued at about $219,000. Finally, Dupont Capital Management Corp acquired a new stake in Community Healthcare Trust in the second quarter valued at about $220,000. Institutional investors and hedge funds own 90.91% of the company’s stock.

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 $413.3 million in 89 real estate properties, including one mortgage note, as of March 31, 2018, located in 27 states, totaling approximately 2.0 million square feet.

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Earnings History and Estimates for Community Healthcare Trust (NYSE:CHCT)

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