Community Healthcare Trust Incorporated (NYSE:CHCT – Get Free Report) declared a quarterly dividend on Thursday, April 25th, NASDAQ reports. Investors of record on Friday, May 10th will be paid a dividend of 0.46 per share by the real estate investment trust on Friday, May 24th. This represents a $1.84 annualized dividend and a yield of 7.48%. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.46.
Community Healthcare Trust has increased its dividend payment by an average of 11.6% annually over the last three years and has increased its dividend every year for the last 2 years. Community Healthcare Trust has a payout ratio of 204.4% meaning 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 $2.36 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 78.0%.
Community Healthcare Trust Price Performance
Shares of CHCT opened at $24.59 on Wednesday. Community Healthcare Trust has a 1 year low of $24.21 and a 1 year high of $36.72. The business has a 50-day moving average of $26.02 and a 200-day moving average of $26.50. The company has a market capitalization of $681.14 million, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 1.39 and a beta of 0.64.
Analysts Set New Price Targets
Read Our Latest Research Report on Community Healthcare Trust
About Community Healthcare Trust
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2023, the Company had investments of approximately $1.1 billion in 193 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale).
Further Reading
- Five stocks we like better than Community Healthcare Trust
- Stock Dividend Cuts Happen Are You Ready?
- How to Read an Earnings Report | Step by Step Guide with Tips
- Roth IRA Calculator: Calculate Your Potential Returns
- Datadog: In the Doghouse or Pullback to the Buyzone?
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Celsius Stock’s Post-Earnings Morning Dip, Better than Coffee
Receive News & Ratings for Community Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.