$12.09 Million in Sales Expected for Community Healthcare Trust Inc (CHCT) This Quarter

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Equities research analysts predict that Community Healthcare Trust Inc (NYSE:CHCT) will announce sales of $12.09 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Community Healthcare Trust’s earnings. The lowest sales estimate is $12.04 million and the highest is $12.15 million. Community Healthcare Trust reported sales of $8.93 million during the same quarter last year, which indicates a positive year over year growth rate of 35.4%. The business is scheduled to issue its next earnings report on Tuesday, August 14th.

According to Zacks, analysts expect that Community Healthcare Trust will report full year sales of $50.40 million for the current financial year, with estimates ranging from $49.90 million to $50.90 million. For the next fiscal year, analysts anticipate that the business will report sales of $64.21 million per share, with estimates ranging from $62.95 million to $65.47 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Community Healthcare Trust.

Several research firms recently issued reports on CHCT. ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. TheStreet raised shares of Community Healthcare Trust from a “d+” rating to a “c-” rating in a report on Wednesday, March 28th. B. Riley set a $29.00 price target on shares of Community Healthcare Trust and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Sandler O’Neill set a $28.00 price target on shares of Community Healthcare Trust and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Zacks Investment Research lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Monday, April 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.50.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in Community Healthcare Trust by 3.4% during the first quarter. Principal Financial Group Inc. now owns 132,381 shares of the real estate investment trust’s stock worth $3,407,000 after buying an additional 4,408 shares during the period. WINTON GROUP Ltd acquired a new position in Community Healthcare Trust during the first quarter worth about $768,000. Royal Bank of Canada grew its position in Community Healthcare Trust by 1.0% during the first quarter. Royal Bank of Canada now owns 1,003,535 shares of the real estate investment trust’s stock worth $25,830,000 after buying an additional 9,456 shares during the period. Foundry Partners LLC grew its position in Community Healthcare Trust by 67.6% during the first quarter. Foundry Partners LLC now owns 217,695 shares of the real estate investment trust’s stock worth $5,603,000 after buying an additional 87,820 shares during the period. Finally, Millennium Management LLC grew its position in Community Healthcare Trust by 87.9% during the first quarter. Millennium Management LLC now owns 435,885 shares of the real estate investment trust’s stock worth $11,220,000 after buying an additional 203,877 shares during the period. Institutional investors own 92.43% of the company’s stock.

NYSE CHCT traded up $0.04 during trading hours on Tuesday, hitting $29.23. 3,189 shares of the stock were exchanged, compared to its average volume of 110,218. The stock has a market capitalization of $529.03 million, a P/E ratio of 20.70 and a beta of 0.83. Community Healthcare Trust has a 12-month low of $22.41 and a 12-month high of $30.64.

The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 18th were given a dividend of $0.40 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.40. This represents a $1.60 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Thursday, May 17th. Community Healthcare Trust’s dividend payout ratio is presently 113.48%.

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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