Community Healthcare Trust Incorporated (NYSE:CHCT) to Issue Dividend of $0.47

Community Healthcare Trust Incorporated (NYSE:CHCT) announced a dividend on Thursday, October 24th, NASDAQ reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.465 per share by the real estate investment trust on Friday, November 22nd. The ex-dividend date is Friday, November 8th. This is a boost from Community Healthcare Trust’s previous dividend of $0.42.

Community Healthcare Trust has raised its dividend by an average of 11.6% annually over the last three years. Community Healthcare Trust has a payout ratio of 500.0% indicating that 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 $1.79 per share next year, which means the company may not be able to cover its $1.85 annual dividend with an expected future payout ratio of 103.4%.

Community Healthcare Trust Stock Performance

Shares of NYSE CHCT traded up $0.84 during mid-day trading on Friday, reaching $17.60. The company had a trading volume of 510,112 shares, compared to its average volume of 277,934. The company has a market capitalization of $487.54 million, a price-to-earnings ratio of 28.20, a PEG ratio of 1.13 and a beta of 0.69. The stock has a fifty day moving average of $17.51 and a two-hundred day moving average of $21.57. Community Healthcare Trust has a 12-month low of $15.06 and a 12-month high of $29.16.

Insider Activity at Community Healthcare Trust

In other news, CEO David H. Dupuy acquired 10,000 shares of Community Healthcare Trust stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $19.48 per share, for a total transaction of $194,800.00. Following the completion of the purchase, the chief executive officer now owns 363,565 shares of the company’s stock, valued at $7,082,246.20. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Community Healthcare Trust news, Director Robert Z. Hensley bought 6,500 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $19.50 per share, with a total value of $126,750.00. Following the acquisition, the director now directly owns 70,670 shares of the company’s stock, valued at $1,378,065. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David H. Dupuy purchased 10,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $19.48 per share, with a total value of $194,800.00. Following the completion of the acquisition, the chief executive officer now owns 363,565 shares of the company’s stock, valued at approximately $7,082,246.20. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CHCT has been the subject of a number of research reports. Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and decreased their target price for the company from $21.00 to $18.00 in a research note on Monday, September 16th. StockNews.com downgraded Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Piper Sandler reduced their price target on Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Robert W. Baird dropped their price objective on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Truist Financial decreased their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.75.

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.