Community Healthcare Trust Incorporated (NYSE:CHCT) Plans Quarterly Dividend of $0.39
Community Healthcare Trust Incorporated (NYSE:CHCT) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Monday, August 28th will be given a dividend of 0.3925 per share by the real estate investment trust on Friday, September 1st. This represents a $1.57 annualized dividend and a yield of 6.31%. The ex-dividend date is Thursday, August 24th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.39.
Community Healthcare Trust has a dividend payout ratio of 94.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Community Healthcare Trust to earn $1.08 per share next year, which means the company may not be able to cover its $1.57 annual dividend with an expected future payout ratio of 145.4%.
Community Healthcare Trust (CHCT) traded up 1.26% during trading on Tuesday, reaching $24.88. 110,854 shares of the company’s stock traded hands. The firm’s 50 day moving average is $25.56 and its 200 day moving average is $24.27. The company has a market cap of $315.63 million, a P/E ratio of 90.80 and a beta of 1.04. Community Healthcare Trust has a 12 month low of $19.61 and a 12 month high of $26.50.
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Several brokerages have recently issued reports on CHCT. ValuEngine downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Evercore ISI increased their price objective on shares of Community Healthcare Trust from $25.50 to $26.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 4th. Finally, Zacks Investment Research downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th.
Community Healthcare Trust Company Profile
Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.
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