Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report) 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
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.
Get Our Latest Stock Report on CHCT
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.
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