Community Healthcare Trust Incorporated (NYSE:CHCT) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Friday, November 17th will be paid a dividend of 0.395 per share by the real estate investment trust on Friday, December 1st. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.39.

Community Healthcare Trust has a payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Community Healthcare Trust to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.57 annual dividend with an expected future payout ratio of 86.7%.

Shares of Community Healthcare Trust (NYSE:CHCT) traded up $0.04 during midday trading on Friday, hitting $27.69. 117,119 shares of the stock were exchanged, compared to its average volume of 84,480. The stock has a market capitalization of $499.20 million, a PE ratio of 18.36 and a beta of 1.01.

A number of 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. Zacks Investment Research downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, BidaskClub raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.50.

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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.

Dividend History for Community Healthcare Trust (NYSE:CHCT)

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