Community Healthcare Trust Incorporated (CHCT) to Issue Quarterly Dividend of $0.33 on November 25th

Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be paid 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 8.7%. The ex-dividend date is Friday, November 13th.

Community Healthcare Trust has a payout ratio of 293.3% 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 $1.91 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 Up 2.8%

NYSE:CHCT opened at $15.25 on Wednesday. The firm has a market capitalization of $438.26 million, a PE ratio of 20.89 and a beta of 0.68. Community Healthcare Trust has a 12-month low of $12.58 and a 12-month high of $19.17. The firm has a 50-day moving average price of $13.94 and a 200 day moving average price of $16.29.

Community Healthcare Trust (NYSE:CHCT – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Community Healthcare Trust had a return on equity of 5.34% and a net margin of 17.76%. The company had revenue of $32.44 million for the quarter, compared to the consensus estimate of $31.26 million. On average, research analysts expect that Community Healthcare Trust will post 1.87 EPS for the current year.

Insiders Place Their Bets

In other Community Healthcare Trust news, CEO David H. Dupuy bought 10,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $15.13 per share, for a total transaction of $151,300.00. Following the transaction, the chief executive officer owned 557,262 shares in the company, valued at approximately $8,431,374.06. This trade represents a 1.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On Community Healthcare Trust

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Community Healthcare Trust in the 2nd quarter valued at approximately $48,221,000. Dimensional Fund Advisors LP lifted its stake in Community Healthcare Trust by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 389,811 shares of the real estate investment trust’s stock valued at $6,194,000 after buying an additional 7,975 shares in the last quarter. Sei Investments Co. increased its position in shares of Community Healthcare Trust by 34.1% during the first quarter. Sei Investments Co. now owns 360,542 shares of the real estate investment trust’s stock worth $5,729,000 after acquiring an additional 91,740 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Community Healthcare Trust by 5.3% during the third quarter. Russell Investments Group Ltd. now owns 318,982 shares of the real estate investment trust’s stock worth $4,523,000 after acquiring an additional 16,068 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Community Healthcare Trust during the second quarter worth $4,607,000. 87.84% of the stock is owned by institutional investors.

About Community Healthcare Trust

(Get Free Report)

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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Dividend History for Community Healthcare Trust (NYSE:CHCT)

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