Community Healthcare Trust Incorporated (CHCT) To Go Ex-Dividend on August 19th

Community Healthcare Trust Incorporated (NYSE:CHCT) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be paid 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 8.7%. The ex-dividend date is Wednesday, August 19th.

Community Healthcare Trust has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Community Healthcare Trust has a payout ratio of 293.3% 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 should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 69.1%.

Community Healthcare Trust Stock Up 0.1%

Community Healthcare Trust stock opened at $15.09 on Monday. Community Healthcare Trust has a twelve month low of $13.23 and a twelve month high of $19.17. The firm has a 50 day moving average price of $17.68 and a 200-day moving average price of $17.25. The company has a market capitalization of $432.39 million, a P/E ratio of 22.53 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The company had revenue of $30.97 million during the quarter, compared to the consensus estimate of $31.77 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. Equities analysts expect that Community Healthcare Trust will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert Z. Hensley purchased 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $15.21 per share, with a total value of $121,680.00. Following the acquisition, the director directly owned 103,702 shares of the company’s stock, valued at approximately $1,577,307.42. This represents a 8.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CHCT. BlackRock Inc. bought a new stake in shares of Community Healthcare Trust in the 2nd quarter worth approximately $48,221,000. Ameriprise Financial Inc. grew its stake in shares of Community Healthcare Trust by 667.6% during the third quarter. Ameriprise Financial Inc. now owns 379,665 shares of the real estate investment trust’s stock valued at $5,809,000 after buying an additional 330,203 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Community Healthcare Trust by 66.0% in the third quarter. Kennedy Capital Management LLC now owns 806,461 shares of the real estate investment trust’s stock worth $12,339,000 after buying an additional 320,546 shares during the period. Invesco Ltd. lifted its stake in shares of Community Healthcare Trust by 38.9% in the 3rd quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock valued at $16,221,000 after acquiring an additional 297,179 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Community Healthcare Trust during the 2nd quarter valued at about $4,607,000. Institutional investors own 87.84% of the company’s stock.

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.