Community Healthcare Trust Inc Announces Quarterly Dividend of $0.41 (NYSE:CHCT)

Share on StockTwits

Community Healthcare Trust Inc (NYSE:CHCT) announced a quarterly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.412 per share by the real estate investment trust on Friday, August 30th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, August 15th.

Community Healthcare Trust has raised its dividend by an average of 45.9% annually over the last three years. Community Healthcare Trust has a dividend payout ratio of 99.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Community Healthcare Trust to earn $2.01 per share next year, which means the company should continue to be able to cover its $1.65 annual dividend with an expected future payout ratio of 82.1%.

Shares of CHCT stock opened at $43.25 on Wednesday. The company’s 50-day moving average price is $41.00. Community Healthcare Trust has a 12 month low of $27.54 and a 12 month high of $43.89. The firm has a market capitalization of $843.46 million, a price-to-earnings ratio of 27.20 and a beta of 0.73.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.32). Community Healthcare Trust had a net margin of 6.91% and a return on equity of 1.32%. The firm had revenue of $14.32 million for the quarter, compared to analyst estimates of $14.50 million. Sell-side analysts forecast that Community Healthcare Trust will post 1.67 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Berenberg Bank assumed coverage on Community Healthcare Trust in a research report on Tuesday, April 23rd. They set a “buy” rating and a $41.00 price objective for the company. Finally, Janney Montgomery Scott downgraded Community Healthcare Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $37.01.

In other news, Director Horn R. Lawrence Van sold 4,053 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $37.74, for a total transaction of $152,960.22. Following the completion of the transaction, the director now directly owns 19,439 shares in the company, valued at $733,627.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.70% of the stock is owned by company insiders.

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 $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.

Featured Article: Diversification For Individual Investors

Dividend History 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.



Latest News

Sutro Biopharma Inc  Expected to Post Quarterly Sales of $8.88 Million
Sutro Biopharma Inc Expected to Post Quarterly Sales of $8.88 Million
$0.15 EPS Expected for Earthstone Energy Inc  This Quarter
$0.15 EPS Expected for Earthstone Energy Inc This Quarter
Zacks: Analysts Expect Earthstone Energy Inc  Will Post Quarterly Sales of $41.66 Million
Zacks: Analysts Expect Earthstone Energy Inc Will Post Quarterly Sales of $41.66 Million
Brokerages Expect Sensata Technologies Holding PLC  to Announce $0.90 EPS
Brokerages Expect Sensata Technologies Holding PLC to Announce $0.90 EPS
$855.78 Million in Sales Expected for Sensata Technologies Holding PLC  This Quarter
$855.78 Million in Sales Expected for Sensata Technologies Holding PLC This Quarter
Zacks: Brokerages Anticipate Las Vegas Sands Corp.  to Announce $0.78 Earnings Per Share
Zacks: Brokerages Anticipate Las Vegas Sands Corp. to Announce $0.78 Earnings Per Share


© 2006-2019 Ticker Report