Wall Street analysts expect Community Healthcare Trust Incorporated (NYSE: CHCT) to post revenue of $ 23.63 million for the current fiscal quarter, according to Zack. Three analysts made estimates for the profits of Community Healthcare Trust. The highest sales estimate is $ 23.90 million and the lowest is $ 23.14 million. Community Healthcare Trust recorded sales of $ 20.12 million in the same quarter of last year, which would indicate a positive growth rate of 17.4% year-over-year. The company is expected to release its next quarterly results on Tuesday, February 15.
Zacks says analysts expect Community Healthcare Trust to report annual revenue of $ 90.99 million for the current fiscal year, with estimates ranging from $ 90.48 million to $ 91.30 millions of dollars. For next year, analysts predict the company will post sales of $ 103.17 million, with estimates ranging from $ 99.20 million to $ 108.78 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts who provide coverage for Community Healthcare Trust.
Community Healthcare Trust (NYSE: CHCT) last released its quarterly earnings data on Monday, November 1. The REIT reported earnings of $ 0.20 per share for the quarter, missing analyst consensus estimates of $ 0.25 per ($ 0.05). Community Healthcare Trust had a net margin of 24.72% and a return on equity of 4.81%. During the same period of the previous year, the company posted EPS of $ 0.52.
Separately, Zacks investment research upgraded Community Healthcare Trust from a “strong sell” rating to a “conservation” rating in a Tuesday, December 14th research note.
A number of institutional investors and hedge funds have recently bought and sold shares of CHCT. Kennedy Capital Management Inc. increased its holdings in Community Healthcare Trust by 182.3% in the second quarter. Kennedy Capital Management Inc. now owns 441,350 real estate investment trust shares worth $ 20,946,000 after purchasing an additional 285,007 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Community Healthcare Trust during the second quarter valued at $ 9,784,000. Invesco Ltd. increased its holdings of Community Healthcare Trust shares by 469.2% in the second quarter. Invesco Ltd. Now owns 242,147 REIT shares valued at $ 11,493,000 after acquiring an additional 199,605 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings of Community Healthcare Trust shares by 13.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 968,066 Real Estate Investment Trust shares valued at $ 45,944,000 after acquiring an additional 112,448 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Community Healthcare Trust by 161.4% in the 3rd quarter. Millennium Management LLC now owns 134,063 real estate investment trust shares worth $ 6,058,000 after purchasing an additional 82,772 shares during the last quarter. Institutional investors and hedge funds hold 86.47% of the company’s shares.
NYSE: CHCT opened at $ 47.27 on Friday. The company has a market cap of $ 1.18 billion, a PE ratio of 56.27, a price / earnings-growth ratio of 1.99, and a beta of 0.54. Community Healthcare Trust has a minimum of 42.55 weeks over 52.55 weeks and a maximum of 52.54 weeks over 52.54 weeks. The company has a 50-day moving average price of $ 45.79 and a 200-day moving average price of $ 47.45.
The company also recently declared a quarterly dividend, which was paid on Friday, November 26. Investors registered on Friday, November 12 received a dividend of $ 0.435. This is a positive change from the previous quarterly dividend of $ 0.43 from the Community Healthcare Trust. The ex-dividend date was Wednesday, November 10. This represents a dividend of $ 1.74 on an annualized basis and a return of 3.68%. Community Healthcare Trust’s dividend payout ratio (DPR) is currently 207.15%.
Community Healthcare Trust Company Profile
Community Healthcare Trust, Inc. engages in the acquisition of real estate that is leased to hospitals, physicians, health systems and other health service providers. It invests in healthcare properties including outpatient diagnostic and treatment facilities, emergency care centers, acute care hospitals, outpatient surgery centers, assisted living facilities, and nursing homes. long-term, medical office buildings, clinics, specialist hospitals and treatment centers.
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