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.
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.
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