Brokerages Anticipate Community Healthcare (CHCT) to Post $0.38 EPS

Wall Street brokerages expect Community Healthcare (NYSE:CHCT) to post earnings of $0.38 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Community Healthcare’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.36. Community Healthcare also reported earnings per share of $0.38 during the same quarter last year. The firm is scheduled to report its next earnings report 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 forecast that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.93 to $1.99. Zacks’ EPS calculations are an average based on a survey of analysts that cover Community Healthcare.

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



Several research firms have weighed in on CHCT. Sandler O’Neill set a $30.00 price objective on Community Healthcare and gave the stock a “buy” rating in a research report on Wednesday, January 24th. B. Riley set a $29.00 price objective on Community Healthcare and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Zacks Investment Research upgraded Community Healthcare from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. TheStreet upgraded Community Healthcare from a “d+” rating to a “c-” rating in a research report on Wednesday, March 28th. Finally, ValuEngine upgraded Community Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.83.

CHCT stock opened at $25.34 on Monday. The firm has a market cap of $457.04, a price-to-earnings ratio of 17.46 and a beta of 0.79. Community Healthcare has a fifty-two week low of $22.41 and a fifty-two week high of $30.64.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHCT. Rhumbline Advisers grew its holdings in shares of Community Healthcare by 12.3% during the 3rd quarter. Rhumbline Advisers now owns 18,833 shares of the real estate investment trust’s stock worth $508,000 after purchasing an additional 2,068 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Community Healthcare by 79.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 182,880 shares of the real estate investment trust’s stock worth $4,931,000 after purchasing an additional 81,246 shares in the last quarter. American International Group Inc. grew its holdings in shares of Community Healthcare by 46.4% during the 3rd quarter. American International Group Inc. now owns 11,373 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 3,607 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Community Healthcare by 100.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,724 shares of the real estate investment trust’s stock worth $1,049,000 after purchasing an additional 19,385 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Community Healthcare by 54.5% during the 3rd quarter. Schroder Investment Management Group now owns 76,737 shares of the real estate investment trust’s stock worth $2,081,000 after purchasing an additional 27,070 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors.

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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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