Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Shareholders 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 yield of 10.1%. The ex-dividend date of this dividend is Friday, November 13th.
Community Healthcare Trust has a dividend 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. 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%
NYSE CHCT opened at $13.04 on Wednesday. Community Healthcare Trust has a 52 week low of $12.58 and a 52 week high of $19.17. The company has a 50 day moving average price of $13.95 and a 200 day moving average price of $16.35. The firm has a market cap of $373.57 million, a PE ratio of 19.46 and a beta of 0.68.
Community Healthcare Trust (NYSE:CHCT – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $32.44 million during the quarter, compared to the consensus estimate of $31.26 million. Community Healthcare Trust had a return on equity of 4.96% and a net margin of 16.81%. On average, equities research analysts anticipate that Community Healthcare Trust will post 1.87 earnings per share for the current fiscal 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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