Community Healthcare Trust Incorporated (NYSE:CHCT) Raises Dividend to $0.48 Per Share

Key Points

• Community Healthcare Trust Incorporated announced an increase in its quarterly dividend to $0.48 per share, marking a 0.5% increase from the previous dividend of $0.47.
• The company has a high payout ratio of 417.8%, indicating reliance on its balance sheet to cover dividends, while analysts expect future earnings to support dividends with a projected payout ratio of 95.4%.
• Community Healthcare Trust's stock opened at $14.06, reflecting a 0.5% decrease on the trading day, with a market capitalization of approximately $398.90 million.

Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Shareholders of record on Friday, November 7th will be paid a dividend of 0.475 per share by the real estate investment trust on Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Friday, November 7th. This is a 0.5% increase from Community Healthcare Trust's previous quarterly dividend of $0.47.

Community Healthcare Trust has a 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 Down 0.5%

Shares of NYSE:CHCT opened at $14.06 on Friday. Community Healthcare Trust has a 52 week low of $13.23 and a 52 week high of $20.87. The stock has a market capitalization of $398.90 million, a P/E ratio of -36.06 and a beta of 0.71. The firm has a fifty day simple moving average of $14.85 and a two-hundred day simple moving average of $15.80.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%.The business had revenue of $30.13 million during the quarter, compared to analysts' expectations of $30.22 million. On average, analysts expect that Community Healthcare Trust will post 1.85 earnings per share for the current year.

Community Healthcare Trust Company Profile

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.

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