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

Community Healthcare Trust Incorporated (NYSE:CHCT) declared a quarterly dividend on Tuesday, August 4th. Stockholders 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 dividend yield of 7.4%. The ex-dividend date is Wednesday, August 19th.

Community Healthcare Trust has increased its dividend by an average of 0.0%annually 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 Price Performance

CHCT stock opened at $17.73 on Wednesday. The company has a market cap of $506.63 million, a P/E ratio of 161.22 and a beta of 0.71. Community Healthcare Trust has a 1 year low of $13.23 and a 1 year high of $19.17. The stock’s fifty day moving average price is $18.01 and its 200-day moving average price is $17.36.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.03 million. As a group, analysts expect that Community Healthcare Trust will post 1.9 earnings per share for the current year.

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.