Community Healthcare Trust Inc (NYSE:CHCT) announced a dividend on Thursday, October 31st, Fidelity reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.415 per share by the real estate investment trust on Friday, November 29th. The ex-dividend date of this dividend is Thursday, November 14th.
Shares of CHCT traded down $0.42 during midday trading on Tuesday, hitting $45.58. 152,700 shares of the company’s stock traded hands, compared to its average volume of 118,840. Community Healthcare Trust has a 1 year low of $27.54 and a 1 year high of $49.17. The firm’s fifty day moving average is $45.56 and its 200-day moving average is $41.48. The stock has a market capitalization of $911.63 million, a price-to-earnings ratio of 28.67 and a beta of 0.72.
Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). Community Healthcare Trust had a net margin of 7.61% and a return on equity of 1.53%. The business had revenue of $16.26 million for the quarter, compared to analysts’ expectations of $15.54 million. As a group, research analysts expect that Community Healthcare Trust will post 1.66 EPS for the current fiscal year.
Several brokerages have recently commented on CHCT. ValuEngine lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Evercore ISI reiterated a “hold” rating on shares of Community Healthcare Trust in a report on Monday. Zacks Investment Research lowered Community Healthcare Trust from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, B. Riley increased their price objective on Community Healthcare Trust from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.61.
Community Healthcare Trust Company Profile
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company had investments of approximately $478.4 million in 105 real estate properties as of March 31, 2019, located in 29 states, totaling approximately 2.3 million square feet.
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