Community Healthcare Trust Incorporated (CHCT) to Issue Quarterly Dividend of $0.33 on August 31st

Community Healthcare Trust Incorporated (NYSE:CHCT) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.33 per share by the real estate investment trust on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Wednesday, August 19th.

Community Healthcare Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. Community Healthcare Trust has a dividend payout ratio of 426.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Community Healthcare Trust to earn $1.91 per share next year, which means the company may not be able to cover its $1.92 annual dividend with an expected future payout ratio of 100.5%.

Community Healthcare Trust Price Performance

Shares of NYSE:CHCT opened at $15.38 on Thursday. The business’s 50 day simple moving average is $17.96 and its 200 day simple moving average is $17.34. Community Healthcare Trust has a 1 year low of $13.23 and a 1 year high of $19.17. The company has a market capitalization of $439.55 million, a P/E ratio of 22.96 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). Community Healthcare Trust had a return on equity of 4.93% and a net margin of 16.81%.The company had revenue of $30.97 million for the quarter, compared to analyst estimates of $31.77 million. On average, sell-side analysts anticipate that Community Healthcare Trust will post 1.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Huntington began coverage on shares of Community Healthcare Trust in a research report on Friday, July 17th. They set an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings upgraded Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Wall Street Zen cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial lifted their price target on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Piper Sandler increased their price objective on shares of Community Healthcare Trust from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.25.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.