Community Healthcare Trust Inc (NYSE:CHCT) – Stock analysts at DA Davidson lowered their Q3 2019 earnings estimates for Community Healthcare Trust in a report issued on Thursday, August 8th, Zacks Investment Research reports. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will earn $0.44 per share for the quarter, down from their prior forecast of $0.45. DA Davidson also issued estimates for Community Healthcare Trust’s FY2019 earnings at $1.67 EPS.
A number of other equities analysts also recently weighed in on CHCT. Janney Montgomery Scott downgraded Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Zacks Investment Research downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $37.01.
Shares of NYSE CHCT opened at $42.40 on Friday. The business’s 50 day moving average price is $41.74 and its two-hundred day moving average price is $37.64. The company has a market cap of $822.98 million, a PE ratio of 26.67 and a beta of 0.73. Community Healthcare Trust has a twelve month low of $27.54 and a twelve month high of $43.89.
Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.32). The business had revenue of $14.32 million for the quarter, compared to analyst estimates of $14.50 million. Community Healthcare Trust had a return on equity of 1.32% and a net margin of 6.91%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.412 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, August 15th. Community Healthcare Trust’s dividend payout ratio is presently 103.77%.
In other 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 stock was sold at an average price of $37.74, for a total transaction of $152,960.22. Following the completion of the sale, the director now owns 19,439 shares in the company, valued at $733,627.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.70% of the company’s stock.
Several large investors have recently modified their holdings of the company. 6 Meridian boosted its stake in shares of Community Healthcare Trust by 1.4% in the second quarter. 6 Meridian now owns 22,006 shares of the real estate investment trust’s stock valued at $867,000 after buying an additional 310 shares during the period. Arizona State Retirement System lifted its stake in Community Healthcare Trust by 1.2% during the first quarter. Arizona State Retirement System now owns 27,433 shares of the real estate investment trust’s stock worth $985,000 after purchasing an additional 318 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Community Healthcare Trust by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 8,272 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 325 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Community Healthcare Trust by 7.3% during the first quarter. New York State Teachers Retirement System now owns 7,353 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 500 shares during the last quarter. Finally, Quantamental Technologies LLC lifted its stake in Community Healthcare Trust by 49.8% during the second quarter. Quantamental Technologies LLC now owns 1,505 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 500 shares during 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.