Community Healthcare Trust Incorporated (CHCT) to Issue Quarterly Dividend of $0.48 on November 21st

Community Healthcare Trust Incorporated (NYSE:CHCT) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Friday, November 7th will be paid a dividend of 0.475 per share by the real estate investment trust on Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date is Friday, November 7th. This is a 0.5% increase from Community Healthcare Trust’s previous quarterly dividend of $0.47.

Community Healthcare Trust has a dividend payout ratio of 417.8% meaning 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 $1.97 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 95.4%.

Community Healthcare Trust Trading Up 4.1%

Shares of NYSE CHCT opened at $14.59 on Friday. The stock has a market cap of $413.89 million, a price-to-earnings ratio of -37.41 and a beta of 0.71. Community Healthcare Trust has a 1-year low of $13.23 and a 1-year high of $20.87. The stock’s 50-day moving average is $14.85 and its 200 day moving average is $15.79.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). The company had revenue of $30.13 million during the quarter, compared to analysts’ expectations of $30.22 million. Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%. On average, analysts forecast that Community Healthcare Trust will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CHCT shares. Truist Financial decreased their price target on Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Friday. Piper Sandler reiterated an “overweight” rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Finally, Zacks Research lowered Community Healthcare Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.00.

About Community Healthcare Trust

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.