Community Healthcare Trust Incorporated (NYSE:CHCT) Increases Dividend to $0.47 Per Share

Community Healthcare Trust Incorporated (NYSE:CHCT) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.4675 per share by the real estate investment trust on Wednesday, March 5th. This represents a $1.87 annualized dividend and a yield of 9.40%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47.

Community Healthcare Trust has raised its dividend payment by an average of 2.3% annually over the last three years. Community Healthcare Trust has a dividend payout ratio of 357.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Community Healthcare Trust to earn $1.85 per share next year, which means the company may not be able to cover its $1.86 annual dividend with an expected future payout ratio of 100.5%.

Community Healthcare Trust Trading Up 0.5 %

Community Healthcare Trust stock opened at $19.89 on Friday. The stock has a market cap of $561.81 million, a price-to-earnings ratio of -221.04, a PEG ratio of 1.35 and a beta of 0.69. The company’s 50-day moving average price is $19.19 and its two-hundred day moving average price is $18.60. Community Healthcare Trust has a 52 week low of $15.06 and a 52 week high of $28.10.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CHCT shares. Truist Financial raised their target price on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Finally, Piper Sandler lifted their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Community Healthcare Trust has a consensus rating of “Hold” and a consensus price target of $21.25.

About Community Healthcare Trust

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.