Analysts Anticipate Community Healthcare (CHCT) Will Post Earnings of $0.38 Per Share

Wall Street brokerages expect Community Healthcare (NYSE:CHCT) to report earnings per share (EPS) of $0.38 for the current quarter, according to Zacks. Two analysts have made estimates for Community Healthcare’s earnings, with estimates ranging from $0.36 to $0.41. Community Healthcare also reported earnings of $0.38 per share during the same quarter last year. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, May 8th.

On average, analysts expect that Community Healthcare will report full year earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.75. For the next financial year, analysts expect that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $1.93 to $1.99. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Community Healthcare.

Community Healthcare (NYSE:CHCT) last posted its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.28). The business had revenue of $10.96 million during the quarter, compared to the consensus estimate of $10.52 million. Community Healthcare had a return on equity of 1.48% and a net margin of 9.40%.

CHCT has been the subject of a number of research analyst reports. B. Riley set a $29.00 target price on Community Healthcare and gave the stock a “neutral” rating in a report on Monday, December 18th. Zacks Investment Research raised Community Healthcare from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Sandler O’Neill set a $30.00 target price on Community Healthcare and gave the stock a “buy” rating in a report on Wednesday, January 24th. ValuEngine raised Community Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, TheStreet raised Community Healthcare from a “d+” rating to a “c-” rating in a report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Community Healthcare currently has an average rating of “Hold” and an average price target of $27.83.

Several institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new stake in shares of Community Healthcare in the fourth quarter worth $189,000. Teachers Advisors LLC grew its holdings in shares of Community Healthcare by 22.1% in the fourth quarter. Teachers Advisors LLC now owns 32,093 shares of the real estate investment trust’s stock worth $902,000 after acquiring an additional 5,811 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Community Healthcare by 25.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 236,315 shares of the real estate investment trust’s stock worth $6,640,000 after acquiring an additional 47,414 shares during the period. Thrivent Financial For Lutherans bought a new stake in shares of Community Healthcare in the fourth quarter worth $375,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Community Healthcare in the fourth quarter worth $358,000. 92.11% of the stock is owned by institutional investors.

Shares of Community Healthcare stock traded up $0.35 on Monday, reaching $25.53. The company’s stock had a trading volume of 52,002 shares, compared to its average volume of 152,156. The firm has a market cap of $457.77, a price-to-earnings ratio of 17.86 and a beta of 0.78. Community Healthcare has a 52 week low of $22.41 and a 52 week high of $30.64.

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Community Healthcare Company Profile

Community Healthcare Trust, Inc engages in the acquisition of real estate properties that are leased to hospitals, doctors, healthcare systems, and other healthcare services providers. It invests in healthcare properties including outpatient treatment and diagnostic facilities; urgent care centers; acute care hospitals; ambulatory surgery centers; assisted living and long-term care facilities; medical office buildings; clinics; specialty hospitals; and treatment centers.

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

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