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

Century Communities, Inc. (NYSE:CCS) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Stockholders of record on Wednesday, February 26th will be given 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 dividend yield of 1.51%. This is an increase from Century Communities’s previous quarterly dividend of $0.26.

Century Communities has raised its dividend by an average of 32.2% per year over the last three years. Century Communities has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Century Communities to earn $12.52 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 8.3%.

Century Communities Stock Up 0.6 %

CCS opened at $76.84 on Thursday. The business’s fifty day simple moving average is $78.39 and its 200 day simple moving average is $89.81. Century Communities has a 52 week low of $68.49 and a 52 week high of $108.42. The firm has a market cap of $2.38 billion, a P/E ratio of 7.39 and a beta of 1.92. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, equities research analysts anticipate that Century Communities will post 12.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. Wedbush reaffirmed a “neutral” rating and issued a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Zelman & Associates upgraded Century Communities to a “hold” rating in a report on Friday, January 31st. Finally, B. Riley reaffirmed a “buy” rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Century Communities presently has an average 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.