Community Healthcare Trust Incorporated (NYSE:CHCT) Plans $0.33 Quarterly Dividend

Community Healthcare Trust Incorporated (NYSE:CHCT) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.33 per share by the real estate investment trust on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

Community Healthcare Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has raised 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 $1.91 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 100.5%.

Community Healthcare Trust Stock Down 2.9%

CHCT opened at $17.73 on Wednesday. Community Healthcare Trust has a 12-month low of $13.23 and a 12-month high of $19.17. The stock has a market cap of $506.63 million, a price-to-earnings ratio of 161.22 and a beta of 0.71. The business has a 50 day moving average of $18.01 and a 200-day moving average of $17.36.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results 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). Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%.The business had revenue of $31.52 million for the quarter, compared to analyst estimates of $31.03 million. As a group, analysts expect that Community Healthcare Trust will post 1.9 earnings per share for the current year.

Institutional Trading of Community Healthcare Trust

Institutional investors have recently bought and sold shares of the business. PVG Asset Management Corp bought a new position in shares of Community Healthcare Trust during the second quarter worth approximately $189,000. Quantinno Capital Management LP boosted its stake in shares of Community Healthcare Trust by 55.1% in the first quarter. Quantinno Capital Management LP now owns 53,958 shares of the real estate investment trust’s stock valued at $857,000 after buying an additional 19,176 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Community Healthcare Trust in the first quarter valued at approximately $461,000. Sei Investments Co. grew its position in Community Healthcare Trust by 34.1% during the first quarter. Sei Investments Co. now owns 360,542 shares of the real estate investment trust’s stock worth $5,729,000 after buying an additional 91,740 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Community Healthcare Trust by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 389,811 shares of the real estate investment trust’s stock worth $6,194,000 after buying an additional 7,975 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

About Community Healthcare Trust

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.