Community Healthcare Trust Incorporated (NYSE:CHCT) Plans Quarterly Dividend of $0.47

Community Healthcare Trust Incorporated (NYSE:CHCT - Get Free Report) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Investors of record on Monday, February 24th will be paid 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%. The ex-dividend date is Monday, February 24th. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47.

Community Healthcare Trust has increased its dividend payment by an average of 2.3% annually over the last three years. Community Healthcare Trust has a dividend payout ratio of 359.6% indicating that 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 $1.85 per share next year, which means the company may not be able to cover its $1.87 annual dividend with an expected future payout ratio of 101.1%.

Community Healthcare Trust Trading Up 0.1 %

Shares of NYSE:CHCT traded up $0.02 during trading on Monday, reaching $19.90. 126,801 shares of the stock were exchanged, compared to its average volume of 169,339. The firm has a market cap of $561.98 million, a PE ratio of -221.11, a PEG ratio of 1.35 and a beta of 0.69. The stock has a 50-day moving average price of $19.23 and a 200-day moving average price of $18.46. Community Healthcare Trust has a 12 month low of $15.06 and a 12 month high of $28.10.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CHCT shares. Truist Financial upped their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Piper Sandler lifted their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Community Healthcare Trust has an average rating of "Hold" and an average price target of $21.25.

Community Healthcare Trust Company Profile

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.