Equities analysts forecast that Community Healthcare Trust Inc (NYSE:CHCT) will post $10.52 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Community Healthcare Trust’s earnings, with estimates ranging from $10.51 million to $10.53 million. Community Healthcare Trust posted sales of $7.39 million in the same quarter last year, which would indicate a positive year over year growth rate of 42.4%. The business is scheduled to issue its next earnings results after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Community Healthcare Trust will report full-year sales of $10.52 million for the current year, with estimates ranging from $36.89 million to $36.91 million. For the next year, analysts forecast that the company will report sales of $53.15 million per share, with estimates ranging from $51.78 million to $54.51 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Community Healthcare Trust.
CHCT has been the topic of several recent research reports. Sandler O’Neill set a $30.00 price objective on Community Healthcare Trust and gave the company a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine downgraded Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, B. Riley set a $29.00 price objective on Community Healthcare Trust and gave the company a “neutral” rating in a report on Monday, December 18th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.50.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be issued a dividend of $0.3975 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, February 15th. This represents a $1.59 annualized dividend and a dividend yield of 6.68%. Community Healthcare Trust’s dividend payout ratio (DPR) is 757.18%.
In related news, CEO Timothy G. Wallace bought 10,016 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were purchased at an average cost of $26.85 per share, with a total value of $268,929.60. Following the acquisition, the chief executive officer now owns 428,060 shares of the company’s stock, valued at $11,493,411. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy G. Wallace bought 10,099 shares of the business’s stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $26.93 per share, for a total transaction of $271,966.07. Following the completion of the acquisition, the chief executive officer now directly owns 448,206 shares in the company, valued at approximately $12,070,187.58. The disclosure for this purchase can be found here. Insiders have acquired a total of 25,064 shares of company stock worth $677,488 over the last ninety days. Company insiders own 5.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Community Healthcare Trust by 188.0% during the 4th quarter. BlackRock Inc. now owns 2,552,670 shares of the real estate investment trust’s stock worth $71,729,000 after buying an additional 1,666,339 shares during the period. Prudential Financial Inc. lifted its holdings in Community Healthcare Trust by 33.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,582,381 shares of the real estate investment trust’s stock worth $42,661,000 after buying an additional 397,515 shares during the period. Systematic Financial Management LP lifted its holdings in Community Healthcare Trust by 20.3% during the 3rd quarter. Systematic Financial Management LP now owns 748,026 shares of the real estate investment trust’s stock worth $20,167,000 after buying an additional 126,413 shares during the period. Cardinal Capital Management LLC CT lifted its holdings in Community Healthcare Trust by 18.9% during the 4th quarter. Cardinal Capital Management LLC CT now owns 730,482 shares of the real estate investment trust’s stock worth $20,526,000 after buying an additional 116,001 shares during the period. Finally, FMR LLC lifted its holdings in Community Healthcare Trust by 2.8% during the 2nd quarter. FMR LLC now owns 632,864 shares of the real estate investment trust’s stock worth $16,195,000 after buying an additional 17,028 shares during the period. 83.83% of the stock is currently owned by hedge funds and other institutional investors.
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About Community Healthcare Trust
Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.
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