Community Healthcare Trust Incorporated (NYSE:CHCT) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders 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 yield of 5.80%. The ex-dividend date is Thursday, November 16th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.39.
Community Healthcare Trust has a dividend payout ratio of 100.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Community Healthcare Trust to earn $1.75 per share next year, which means the company should continue to be able to cover its $1.58 annual dividend with an expected future payout ratio of 90.3%.
Shares of Community Healthcare Trust (NYSE CHCT) opened at $27.26 on Monday. Community Healthcare Trust has a 1-year low of $19.61 and a 1-year high of $27.99. The stock has a market cap of $493.02, a price-to-earnings ratio of 18.80 and a beta of 1.01.
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Several research firms have recently weighed in on CHCT. BidaskClub cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine cut shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Community Healthcare Trust presently has an average rating of “Hold” and a consensus price target of $26.50.
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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