Brokerages expect Community Healthcare Trust Incorporated (NYSE:CHCT) to post $23.63 million in revenue for the current quarter, according to Zacks Investment Research. Three analysts made estimates of Community Healthcare Trust earnings. The highest sales estimate is $23.90 million and the lowest is $23.14 million. Community Healthcare Trust reported sales of $20.12 million in the same quarter last year, suggesting a positive year-over-year growth rate of 17.4%. The company is expected to release its next results on Tuesday, February 15.
On average, analysts expect Community Healthcare Trust to record annual sales of $90.99 million for the current year, with estimates ranging from $90.48 million to $91.30 million . For the next fiscal year, analysts expect the company to post sales of $103.17 million, with estimates ranging from $99.20 million to $108.78 million. Zacks sales averages are an average average based on a survey of research analysts who cover Community Healthcare Trust.
Community Healthcare Trust (NYSE:CHCT) last released its quarterly results on Monday, November 1. The real estate investment trust reported earnings per share of $0.20 for the quarter, missing the consensus estimate 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 achieved EPS of $0.52.
Separately, Zacks Investment Research moved shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a Tuesday, Dec. 14, report.
Several institutional investors and hedge funds have been buying and selling stocks recently. US Bancorp DE increased its stake in Community Healthcare Trust by 284.0% in the third quarter. US Bancorp DE now owns 649 shares of the real estate investment trust worth $30,000 after buying an additional 480 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Community Healthcare Trust during Q2 worth approximately $62,000. Victory Capital Management Inc. bought a new stock position in Community Healthcare Trust in Q3 for a value of approximately $160,000. abrdn plc bought a new position in shares of Community Healthcare Trust in Q2 for a value of approximately $209,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Community Healthcare Trust in Q2 worth approximately $218,000. 85.60% of the shares are currently held by institutional investors and hedge funds.
Shares of Community Healthcare Trust opened at $44.09 on Friday. Community Healthcare Trust has a 12-month minimum of $42.55 and a 12-month maximum of $52.54. The stock’s fifty-day moving average price is $45.52 and its 200-day moving average price is $47.15. The company has a market capitalization of $1.10 billion, a P/E ratio of 52.49, a P/E/G ratio of 1.86 and a beta of 0.56.
The company also recently announced a quarterly dividend, which was paid on Friday, November 26. Shareholders of record on Friday, November 12 received a dividend of $0.435. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, November 10. This represents an annualized dividend of $1.74 and a yield of 3.95%. Community Healthcare Trust’s dividend payout ratio is 207.15%.
Company Profile Community Healthcare Trust
Community Healthcare Trust, Inc engages in the acquisition of real estate that is leased to hospitals, physicians, health systems and other healthcare service providers. It invests in healthcare properties, including outpatient treatment and diagnostic facilities, urgent care centers, acute care hospitals, outpatient surgery centers, assisted living facilities and residential care facilities. long-term, medical office buildings, clinics, specialty hospitals and treatment centers.
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