Community Healthcare Trust Incorporated (NYSE:CHCT) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, August 28th will be given a dividend of 0.3925 per share by the real estate investment trust on Friday, September 1st. This represents a $1.57 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend is Thursday, August 24th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.39.
Community Healthcare Trust has a dividend payout ratio of 97.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 0.12% during mid-day trading on Friday, hitting $24.56. 86,887 shares of the company were exchanged. Community Healthcare Trust has a 12-month low of $19.61 and a 12-month high of $26.50. The stock has a market cap of $311.57 million, a PE ratio of 89.64 and a beta of 1.04. The stock’s 50-day moving average price is $25.19 and its 200 day moving average price is $24.46.
Several research firms have recently weighed in on CHCT. ValuEngine cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Finally, Evercore ISI upped their target price on Community Healthcare Trust from $25.50 to $26.50 and gave the company an “outperform” rating in a research note on Tuesday, July 4th.
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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.
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