Brokerages predict that Community Healthcare Trust Inc (NYSE:CHCT) will report $0.42 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Community Healthcare Trust’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.40. Community Healthcare Trust posted earnings per share of $0.31 in the same quarter last year, which would suggest a positive year over year growth rate of 35.5%. The business is expected to announce its next earnings report on Tuesday, November 6th.

On average, analysts expect that Community Healthcare Trust will report full-year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.64 to $1.68. For the next fiscal year, analysts anticipate that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.92 to $1.97. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Community Healthcare Trust.

CHCT has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, August 10th. SunTrust Banks reaffirmed a “buy” rating and set a $36.00 price target on shares of Community Healthcare Trust in a report on Thursday, August 9th. ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, B. Riley raised their price target on shares of Community Healthcare Trust from $28.00 to $32.00 and gave the company a “hold” rating in a report on Monday, August 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Community Healthcare Trust currently has an average rating of “Buy” and a consensus target price of $32.50.

Shares of Community Healthcare Trust stock traded down $0.10 during trading hours on Friday, hitting $29.30. The company’s stock had a trading volume of 26,515 shares, compared to its average volume of 129,571. Community Healthcare Trust has a 1-year low of $22.41 and a 1-year high of $32.81. The firm has a market capitalization of $563.84 million, a P/E ratio of 20.78 and a beta of 0.80.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHCT. Rhumbline Advisers grew its holdings in Community Healthcare Trust by 45.7% during the 1st quarter. Rhumbline Advisers now owns 41,578 shares of the real estate investment trust’s stock valued at $1,070,000 after purchasing an additional 13,033 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Community Healthcare Trust by 28.8% during the 1st quarter. Thrivent Financial for Lutherans now owns 17,210 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 3,849 shares in the last quarter. Northern Trust Corp grew its holdings in Community Healthcare Trust by 2.4% during the 1st quarter. Northern Trust Corp now owns 219,298 shares of the real estate investment trust’s stock valued at $5,645,000 after purchasing an additional 5,161 shares in the last quarter. BlackRock Inc. grew its holdings in Community Healthcare Trust by 3.2% during the 1st quarter. BlackRock Inc. now owns 2,634,830 shares of the real estate investment trust’s stock valued at $67,821,000 after purchasing an additional 82,160 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Community Healthcare Trust by 80.2% during the 1st quarter. Sei Investments Co. now owns 119,071 shares of the real estate investment trust’s stock valued at $3,065,000 after purchasing an additional 52,993 shares in the last quarter. 90.90% of the stock is owned by institutional investors and hedge funds.

About Community Healthcare Trust

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 $413.3 million in 89 real estate properties, including one mortgage note, as of March 31, 2018, located in 27 states, totaling approximately 2.0 million square feet.

Recommended Story: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Get a free copy of the Zacks research report on Community Healthcare Trust (CHCT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Community Healthcare Trust (NYSE:CHCT)

Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.