Community Healthcare Trust Inc (NYSE:CHCT) – Equities researchers at SunTrust Banks decreased their FY2018 earnings estimates for shares of Community Healthcare Trust in a research report issued to clients and investors on Monday, November 19th. SunTrust Banks analyst E. Fleming now forecasts that the real estate investment trust will post earnings per share of $1.59 for the year, down from their prior forecast of $1.60. SunTrust Banks has a “Buy” rating and a $36.00 price target on the stock. SunTrust Banks also issued estimates for Community Healthcare Trust’s Q4 2018 earnings at $0.42 EPS.

Other equities research analysts have also issued research reports about the company. ValuEngine raised Community Healthcare Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Zacks Investment Research raised Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, October 3rd. UBS Group started coverage on Community Healthcare Trust in a research note on Friday, November 16th. They set a “sell” rating on the stock. Finally, B. Riley decreased their price target on Community Healthcare Trust from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, November 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.50.

NYSE CHCT opened at $29.68 on Wednesday. Community Healthcare Trust has a 12-month low of $22.41 and a 12-month high of $32.81. The company has a market cap of $545.82 million, a price-to-earnings ratio of 21.18 and a beta of 0.79.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.405 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, November 15th. This represents a $1.62 annualized dividend and a dividend yield of 5.46%. Community Healthcare Trust’s payout ratio is 114.89%.

Large investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Community Healthcare Trust during the 2nd quarter worth approximately $120,000. Canandaigua National Bank & Trust Co. purchased a new stake in Community Healthcare Trust in the 2nd quarter valued at approximately $202,000. AQR Capital Management LLC purchased a new stake in Community Healthcare Trust in the 3rd quarter valued at approximately $205,000. First Republic Investment Management Inc. purchased a new stake in Community Healthcare Trust in the 3rd quarter valued at approximately $211,000. Finally, United Services Automobile Association purchased a new stake in Community Healthcare Trust in the 2nd quarter valued at approximately $219,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

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 $416.8 million in 91 real estate properties as of June 30, 2018, located in 27 states, totaling approximately 2.1 million square feet.

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

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