Community Healthcare Trust Incorporated (NYSE:CHCT) Shareholders to Get $0.33 Quarterly Dividend

Community Healthcare Trust Incorporated (NYSE:CHCT) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.33 per share by the real estate investment trust on Wednesday, November 25th. This represents a $1.32 annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend is Friday, November 13th.

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. Research 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 Trading Down 1.2%

NYSE CHCT opened at $13.04 on Wednesday. The business’s 50 day moving average is $13.95 and its two-hundred day moving average is $16.35. Community Healthcare Trust has a 12-month low of $12.58 and a 12-month high of $19.17. The stock has a market capitalization of $373.57 million, a price-to-earnings ratio of 19.46 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. The business had revenue of $32.44 million during the quarter, compared to the consensus estimate of $31.26 million. Equities analysts forecast that Community Healthcare Trust will post 1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial dropped their price target on Community Healthcare Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Piper Sandler decreased their price objective on Community Healthcare Trust from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Huntington started coverage on Community Healthcare Trust in a research report on Friday, July 17th. They set an “outperform” rating and a $20.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Community Healthcare Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.00.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE: CHCT) is a real estate investment trust that owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.