Community Healthcare Trust Incorporated (NYSE:CHCT) Declares Quarterly Dividend of $0.47

Community Healthcare Trust Incorporated (NYSE:CHCT) announced a quarterly dividend on Thursday, October 24th, NASDAQ reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.465 per share by the real estate investment trust on Friday, November 22nd. This represents a $1.86 annualized dividend and a yield of 9.90%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42.

Community Healthcare Trust has raised its dividend by an average of 11.6% per year over the last three years. Community Healthcare Trust has a payout ratio of 465.0% 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 research analysts expect Community Healthcare Trust to earn $1.80 per share next year, which means the company may not be able to cover its $1.86 annual dividend with an expected future payout ratio of 103.3%.

Community Healthcare Trust Stock Performance

Shares of Community Healthcare Trust stock opened at $18.79 on Wednesday. The firm has a market cap of $530.63 million, a P/E ratio of -208.78, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The firm’s 50-day simple moving average is $17.40 and its 200-day simple moving average is $21.12. Community Healthcare Trust has a twelve month low of $15.06 and a twelve month high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.39). The company had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, equities analysts forecast that Community Healthcare Trust will post 1.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CHCT shares. Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and cut their price objective for the company from $21.00 to $18.00 in a report on Monday, September 16th. Truist Financial reduced their price target on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Robert W. Baird decreased their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Piper Sandler boosted their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, StockNews.com lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Community Healthcare Trust currently has a consensus rating of “Hold” and an average price target of $21.00.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.