Community Healthcare Trust Incorporated (CHCT) To Go Ex-Dividend on May 11th

Community Healthcare Trust Incorporated (NYSE:CHCT) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, May 11th will be paid a dividend of 0.48 per share by the real estate investment trust on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Monday, May 11th. This is a 0.5% increase from Community Healthcare Trust’s previous quarterly dividend of $0.48.

Community Healthcare Trust has increased its dividend by an average of 0.0%annually over the last three years and has increased 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. Analysts expect Community Healthcare Trust to earn $1.89 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 101.6%.

Community Healthcare Trust Stock Down 0.5%

Shares of NYSE:CHCT opened at $17.60 on Friday. Community Healthcare Trust has a 52-week low of $13.23 and a 52-week high of $18.22. The stock has a market cap of $502.83 million, a price-to-earnings ratio of 160.01 and a beta of 0.73. The business has a 50-day moving average price of $16.73 and a 200-day moving average price of $16.26.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $31.03 million. Community Healthcare Trust had a net margin of 4.94% and a return on equity of 1.41%. As a group, equities analysts anticipate that Community Healthcare Trust will post 1.86 EPS for the current fiscal year.

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.