Community Healthcare Trust Incorporated (NYSE:CHCT) Announces Dividend Increase – $0.48 Per Share

Community Healthcare Trust Incorporated (NYSE:CHCT) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Monday, February 23rd will be paid a dividend of 0.4775 per share by the real estate investment trust on Wednesday, March 4th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Monday, February 23rd. This is a 0.5% increase from Community Healthcare Trust’s previous quarterly dividend of $0.48.

Community Healthcare Trust has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Community Healthcare Trust has a dividend payout ratio of 422.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Community Healthcare Trust to earn $1.97 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 96.4%.

Community Healthcare Trust Trading Down 2.5%

NYSE CHCT opened at $17.49 on Friday. The stock has a market capitalization of $497.80 million, a price-to-earnings ratio of -43.71 and a beta of 0.75. The stock has a 50-day moving average of $16.62 and a 200 day moving average of $15.53. Community Healthcare Trust has a twelve month low of $13.23 and a twelve month high of $20.28.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CHCT. Versant Capital Management Inc increased its position in shares of Community Healthcare Trust by 111.9% during the third quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,129 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Community Healthcare Trust by 104.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,817 shares during the period. Quadrant Capital Group LLC increased its holdings in Community Healthcare Trust by 992.0% in the 4th quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 4,107 shares during the last quarter. BNP Paribas Financial Markets raised its position in Community Healthcare Trust by 143.6% in the third quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 3,470 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Community Healthcare Trust during the third quarter worth $106,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.