Community Healthcare Trust Incorporated (NYSE:CHCT) Plans Quarterly Dividend of $0.33

Key Points

• Community Healthcare Trust declared a quarterly dividend of $0.33 per share, equivalent to $1.32 annually and a 10.1% yield. The dividend is payable November 25 to shareholders of record November 13.
• The current payout ratio is 293.3%, meaning earnings alone do not cover the dividend. Analysts expect next year’s earnings to cover it, with a projected payout ratio of 69.1%.
• Quarterly earnings were $0.09 per share, matching estimates, while revenue of $32.44 million exceeded expectations of $31.26 million.

Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, November 13th will be given a dividend of $0.33 per share by the real estate investment trust on Wednesday, November 25th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date is Friday, November 13th.

Community Healthcare Trust has a payout ratio of 293.3% indicating that 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 $1.91 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 69.1%.

Community Healthcare Trust Stock Down 1.2%

Shares of NYSE:CHCT opened at $13.04 on Wednesday. Community Healthcare Trust has a fifty-two week low of $12.58 and a fifty-two week high of $19.17. The firm's 50 day moving average price is $13.95 and its 200 day moving average price is $16.35. The stock has a market cap of $373.57 million, a price-to-earnings ratio of 19.46 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. The company had revenue of $32.44 million during the quarter, compared to analysts' expectations of $31.26 million. On average, equities analysts anticipate that Community Healthcare Trust will post 1.87 EPS for the current year.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated NYSE: CHCT is a real estate investment trust that owns and operates healthcare-related properties across the United States. The company focuses primarily on properties located in non-urban and underserved markets, where healthcare facilities can serve as important community resources.

Its portfolio includes outpatient clinics, physician office buildings, specialty healthcare facilities, behavioral health properties, and other facilities leased to healthcare providers.

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