Community Healthcare Tr Inc Stock Price, News & Analysis

Community Healthcare Trust has announced a quarterly cash dividend increase to $0.43 per share for the quarter ended March 31, 2021, which is payable on May 28, 2021. Shareholders of record as of May 14, 2021 will receive this dividend, resulting in an annualized dividend of $1.72 per share. The company has consistently increased its dividend since its IPO.

Community Healthcare Trust (CHCT) will report its Q1 2021 results on May 4, 2021, after the market closes. A conference call is scheduled for May 5, 2021, at 9:00 a.m. Central Time, to discuss the earnings and operational activities. As of December 31, 2020, CHCT had investments totaling approximately $738.8 million in 141 properties across 33 states, covering about 3.1 million square feet. The company is focused on income-producing real estate linked to outpatient healthcare services.

Community Healthcare Trust Incorporated (NYSE: CHCT) announced an increase in its credit facilities to $400 million via its Third Amended and Restated Credit Agreement. The agreement includes a $150 million revolving facility maturing in March 2026 and $250 million in term loans. The term loans feature maturity dates from March 2024 to March 2028. The company drew down $125 million from the new term loan to pay off existing obligations. This facility allows for potential future increases up to $600 million and includes interest rate swaps for cost management.

Community Healthcare Trust reported a Q4 2020 net income of approximately $5.2 million or $0.21 per diluted share. Funds from operations were $0.53, and adjusted funds from operations (AFFO) totaled $0.56 per diluted share. The company issued 480,592 shares at an average price of $47.65, raising $22.4 million. They acquired 10 properties for $67.9 million, all fully leased until 2039. A quarterly dividend of $0.4275 per share was declared, payable on March 5, 2021.

Community Healthcare Trust Incorporated (CHCT) announced an increased common stock cash dividend to $0.4275 per share for the quarter ended December 31, 2020. This dividend is payable on March 5, 2021, to shareholders of record on February 25, 2021, reflecting an annualized rate of $1.71 per share. The company has consistently raised its dividend every quarter since its IPO, demonstrating ongoing confidence in its financial stability and commitment to returning value to investors.

Community Healthcare Trust Incorporated (NYSE: CHCT) will announce its fourth quarter 2020 earnings on February 16, 2021, after market close. A conference call will follow on February 17, 2021, at 9:00 a.m. CT to discuss financial results and company operations. As of September 30, 2020, CHCT's investments totaled approximately $667.3 million across 131 properties in 33 states, covering about 2.8 million square feet.

Community Healthcare Trust (NYSE: CHCT) announced the retirement of W. Page Barnes as Executive Vice President and Chief Operating Officer effective December 31, 2020. Barnes, a founding executive since 2013, will transition to a part-time role focused on tenant relations and business development. Under his leadership, the company's enterprise value grew from $2,000 in 2015 to over $1.3 billion in 2020. The company emphasizes confidence in its leadership as it navigates future challenges.

Community Healthcare Trust reported a net income of approximately $5.2 million for Q3 2020, equating to $0.22 per diluted share. The Company raised about $24.9 million through its ATM program by issuing 536,839 shares at an average price of $47.40. It acquired properties worth $67.9 million in Q4 and plans to invest $50.8 million in additional properties with expected returns of 9.2% to 11.0%. A quarterly dividend of $0.425 per share has been declared. Impact from COVID-19 was managed, with less than 1% of annualized rent in deferral agreements.

Community Healthcare Trust Incorporated (NYSE: CHCT) announced an increase in its cash dividend to $0.425 per share for the quarter ended September 30, 2020. This dividend is payable on November 27, 2020, to shareholders of record as of November 16, 2020, representing an annualized dividend of $1.70 per share. The company has consistently raised its dividend every quarter since its IPO, demonstrating strong shareholder value and confidence in its income-producing real estate focus in outpatient healthcare services across the U.S.