Community Healthcare Trust Inc to Post FY2018 Earnings of $1.60 Per Share, SunTrust Banks Forecasts (CHCT)
Community Healthcare Trust Inc (NYSE:CHCT) – Investment analysts at SunTrust Banks dropped their FY2018 earnings per share (EPS) estimates for shares of Community Healthcare Trust in a research report issued to clients and investors on Tuesday, November 13th. SunTrust Banks analyst E. Fleming now expects that the real estate investment trust will post earnings per share of $1.60 for the year, down from their previous estimate of $1.68. SunTrust Banks currently has a “Buy” rating and a $36.00 target price on the stock. SunTrust Banks also issued estimates for Community Healthcare Trust’s Q1 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.49 EPS and FY2019 earnings at $1.89 EPS.
A number of other equities analysts have also commented on the company. Zacks Investment Research raised Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Friday, August 10th. B. Riley boosted their price objective on Community Healthcare Trust from $28.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, August 13th. Finally, ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $31.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.62 dividend on an annualized basis and a yield of 5.66%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.40. Community Healthcare Trust’s payout ratio is currently 114.18%.
Institutional investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC acquired a new position in Community Healthcare Trust in the second quarter worth $120,000. AQR Capital Management LLC acquired a new position in Community Healthcare Trust in the third quarter worth $205,000. Canandaigua National Bank & Trust Co. acquired a new position in Community Healthcare Trust in the second quarter worth $202,000. First Republic Investment Management Inc. acquired a new position in Community Healthcare Trust in the third quarter worth $211,000. Finally, National Investment Services Inc. WI acquired a new position in Community Healthcare Trust in the third quarter worth $220,000. 89.39% of the stock is currently owned by institutional investors.
Community Healthcare Trust Company Profile
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 $416.8 million in 91 real estate properties as of June 30, 2018, located in 27 states, totaling approximately 2.1 million square feet.
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