Century Communities, Inc. (NYSE:CCS) Increases Dividend to $0.29 Per Share

Century Communities, Inc. (NYSE:CCS) declared 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 annualized dividend and a 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% annually over the last three years. Century Communities has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE:CCS opened at $76.84 on Thursday. Century Communities has a one year low of $68.49 and a one year high of $108.42. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.39 and a beta of 1.92. The company has a 50-day simple moving average of $78.39 and a 200-day simple moving average of $89.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts predict that Century Communities will post 12.1 EPS for the current year.

Analysts Set New Price Targets

CCS has been the subject of several analyst reports. 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 research note on Friday, December 13th. Wedbush restated a “neutral” rating and set a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Zelman & Associates raised shares of Century Communities to a “hold” rating in a report on Friday, January 31st. B. Riley reissued a “buy” rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Century Communities has an average rating of “Hold” and an average price target of $103.00.

Century Communities Company Profile

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.