Century Communities, Inc. (NYSE:CCS) Plans Quarterly Dividend of $0.29

Century Communities, Inc. (NYSE:CCS) announced a quarterly dividend on Wednesday, February 5th, RTT News reports. Shareholders of record on Wednesday, February 26th will be paid a dividend of 0.29 per share by the construction company on Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Wednesday, February 26th. This is an increase from Century Communities’s previous quarterly dividend of $0.26.

Century Communities has increased its dividend by an average of 32.2% per year over the last three years. Century Communities has a dividend payout ratio of 9.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Century Communities to earn $11.62 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.0%.

Century Communities Trading Down 2.8 %

CCS opened at $71.21 on Monday. Century Communities has a 52 week low of $68.49 and a 52 week high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $74.72 and a 200-day simple moving average of $87.55. The firm has a market cap of $2.20 billion, a P/E ratio of 6.85 and a beta of 1.92.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. On average, equities analysts expect that Century Communities will post 11.07 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CCS. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Zelman & Associates raised Century Communities to a “hold” rating in a research report on Friday, January 31st. Wedbush reiterated a “neutral” rating and issued a $93.00 target price (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and cut their price target for the stock from $110.00 to $97.00 in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $103.00.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.