Community Healthcare Trust Incorporated (NYSE:CHCT) Plans Quarterly Dividend of $0.47

Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Investors of record on Friday, August 8th will be given a dividend of 0.4725 per share by the real estate investment trust on Friday, August 22nd. This represents a $1.89 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date is Friday, August 8th. This is a 0.5% increase from Community Healthcare Trust's previous quarterly dividend of $0.47.

Community Healthcare Trust has a dividend payout ratio of 417.8% meaning 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 $1.97 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 95.4%.

Community Healthcare Trust Stock Performance

NYSE CHCT traded down $0.21 during trading hours on Monday, reaching $16.35. 243,731 shares of the company's stock were exchanged, compared to its average volume of 206,768. The company's 50-day moving average is $16.64 and its two-hundred day moving average is $17.55. Community Healthcare Trust has a one year low of $14.76 and a one year high of $27.62. The company has a market capitalization of $463.36 million, a price-to-earnings ratio of -52.74 and a beta of 0.73.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Community Healthcare Trust had a negative net margin of 4.51% and a negative return on equity of 1.10%. The business had revenue of $29.73 million during the quarter, compared to analysts' expectations of $29.71 million. Research analysts predict that Community Healthcare Trust will post 1.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their price target on Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $21.00.

Insiders Place Their Bets

In related news, Director Cathrine Cotman purchased 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were bought at an average price of $17.10 per share, for a total transaction of $51,300.00. Following the completion of the transaction, the director owned 23,861 shares of the company's stock, valued at approximately $408,023.10. This trade represents a 14.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Horn R. Lawrence Van bought 11,815 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was acquired at an average price of $16.37 per share, for a total transaction of $193,411.55. Following the transaction, the director owned 88,502 shares of the company's stock, valued at approximately $1,448,777.74. The trade was a 15.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in Community Healthcare Trust by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 252,492 shares of the real estate investment trust's stock valued at $4,585,000 after acquiring an additional 3,697 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Community Healthcare Trust by 18.6% in the first quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust's stock worth $793,000 after acquiring an additional 6,856 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Community Healthcare Trust in the first quarter valued at approximately $231,000. Finally, Jane Street Group LLC lifted its stake in Community Healthcare Trust by 339.7% in the first quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust's stock valued at $1,630,000 after buying an additional 69,343 shares during the period. Institutional investors own 87.84% of the company's stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (the Company'', we'', our'') was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.