Brokerages Anticipate Community Healthcare Trust Inc (CHCT) Will Announce Quarterly Sales of $10.52 Million

Analysts expect that Community Healthcare Trust Inc (NYSE:CHCT) will post sales of $10.52 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Community Healthcare Trust’s earnings, with estimates ranging from $10.51 million to $10.53 million. Community Healthcare Trust reported sales of $7.39 million during the same quarter last year, which would indicate a positive year over year growth rate of 42.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

On average, 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 fiscal year, analysts forecast that the company will post sales of $53.15 million per share, with estimates ranging from $51.78 million to $54.51 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Community Healthcare Trust.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.38). Community Healthcare Trust had a return on equity of 1.40% and a net margin of 8.86%.

A number of research firms recently weighed in on CHCT. ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Zacks Investment Research cut shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Finally, B. Riley set a $29.00 price objective on shares of Community Healthcare Trust and gave the stock a “neutral” rating in a report on Monday, December 18th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Community Healthcare Trust presently has a consensus rating of “Hold” and an average price target of $27.75.

In related news, CEO Timothy G. Wallace bought 10,016 shares of the stock in a transaction on Thursday, December 7th. The shares were purchased at an average price of $26.85 per share, with a total value of $268,929.60. Following the purchase, the chief executive officer now owns 428,060 shares in the company, valued at $11,493,411. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy G. Wallace bought 4,949 shares of the stock in a transaction on Wednesday, December 13th. The shares were bought at an average cost of $27.60 per share, for a total transaction of $136,592.40. Following the purchase, the chief executive officer now owns 463,222 shares in the company, valued at approximately $12,784,927.20. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 25,064 shares of company stock worth $677,488. 5.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CHCT. Systematic Financial Management LP boosted its position in shares of 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 valued at $20,167,000 after purchasing an additional 126,413 shares in the last quarter. Manning & Napier Advisors LLC boosted its position in shares of Community Healthcare Trust by 3.1% during the 3rd quarter. Manning & Napier Advisors LLC now owns 483,825 shares of the real estate investment trust’s stock valued at $13,042,000 after purchasing an additional 14,485 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in shares of Community Healthcare Trust during the 3rd quarter valued at about $4,089,000. Asset Management One Co. Ltd. boosted its position in shares of Community Healthcare Trust by 13.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 34,884 shares of the real estate investment trust’s stock valued at $945,000 after purchasing an additional 4,178 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Community Healthcare Trust by 11.6% during the 2nd quarter. Vanguard Group Inc. now owns 622,120 shares of the real estate investment trust’s stock valued at $15,920,000 after purchasing an additional 64,533 shares in the last quarter. 85.49% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust (NYSE CHCT) traded up $0.24 during mid-day trading on Wednesday, hitting $26.19. 163,213 shares of the company were exchanged, compared to its average volume of 183,064. Community Healthcare Trust has a 1-year low of $21.33 and a 1-year high of $30.64. The firm has a market cap of $469.33 and a PE ratio of 119.05.

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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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