Community Healthcare Trust is trading 6.2% down at $16.62 following its earnings update which detailed a 31% dividend reduction and a pivot toward a growth-focused model.
- The company ended its long streak of dividend increases to retain cash for a $99 million acquisition and reinvestment pipeline.
- Investors are reacting to the shift in capital allocation and the end of payout growth despite the company reporting solid FFO and AFFO results.