Community Healthcare Trust Inc (NYSE:CHCT) – Equities researchers at B. Riley issued their FY2017 EPS estimates for shares of Community Healthcare Trust in a research report issued to clients and investors on Monday, Zacks Investment Research reports. B. Riley analyst B. Maher anticipates that the real estate investment trust will post earnings of $1.38 per share for the year. B. Riley currently has a “Neutral” rating and a $29.00 target price on the stock. B. Riley also issued estimates for Community Healthcare Trust’s Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $1.67 EPS, FY2019 earnings at $1.92 EPS and FY2020 earnings at $2.11 EPS.
A number of other research firms have also issued reports on CHCT. BidaskClub lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.75.
Community Healthcare Trust (NYSE CHCT) traded down $0.11 during trading hours on Wednesday, reaching $25.73. 164,482 shares of the company’s stock were exchanged, compared to its average volume of 351,662. Community Healthcare Trust has a 52 week low of $21.33 and a 52 week high of $30.64. The firm has a market capitalization of $465.35 and a PE ratio of 116.95.
Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in Community Healthcare Trust by 20.9% in the first quarter. Bank of America Corp DE now owns 5,141 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 888 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Community Healthcare Trust in the second quarter valued at approximately $201,000. Arrowstreet Capital Limited Partnership purchased a new position in Community Healthcare Trust in the second quarter valued at approximately $204,000. First Allied Advisory Services Inc. purchased a new position in Community Healthcare Trust in the third quarter valued at approximately $214,000. Finally, Wells Fargo & Company MN increased its stake in Community Healthcare Trust by 2.4% in the second quarter. Wells Fargo & Company MN now owns 8,515 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 85.49% of the company’s stock.
In other news, CEO Timothy G. Wallace bought 4,949 shares of Community Healthcare Trust stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average price of $27.60 per share, with a total value of $136,592.40. Following the completion of the acquisition, the chief executive officer now directly owns 463,222 shares in the company, valued at $12,784,927.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy G. Wallace bought 10,099 shares of Community Healthcare Trust stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $26.93 per share, for a total transaction of $271,966.07. Following the acquisition, the chief executive officer now owns 448,206 shares of the company’s stock, valued at $12,070,187.58. The disclosure for this purchase can be found here. Insiders have bought 25,064 shares of company stock worth $677,488 in the last three months. Corporate insiders own 5.50% of the company’s stock.
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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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