Community Healthcare Trust Incorporated (CHCT) To Go Ex-Dividend on February 24th

Community Healthcare Trust Incorporated (NYSE:CHCT) declared a quarterly dividend on Thursday, February 13th, RTT News reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.4675 per share by the real estate investment trust on Wednesday, March 5th. This represents a $1.87 annualized dividend and a yield of 9.94%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47.

Community Healthcare Trust has increased its dividend payment by an average of 2.3% per year over the last three years. Community Healthcare Trust has a dividend payout ratio of 359.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Community Healthcare Trust to earn $1.97 per share next year, which means the company should continue to be able to cover its $1.87 annual dividend with an expected future payout ratio of 94.9%.

Community Healthcare Trust Price Performance

NYSE:CHCT opened at $18.81 on Friday. The business’s 50-day moving average is $19.32 and its two-hundred day moving average is $18.46. Community Healthcare Trust has a 12 month low of $15.06 and a 12 month high of $27.73.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $29.30 million during the quarter, compared to the consensus estimate of $29.85 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. As a group, equities research analysts predict that Community Healthcare Trust will post 1.85 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on CHCT shares. StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Truist Financial raised their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler raised their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.25.

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.