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 given 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 a boost from Century Communities’s previous quarterly dividend of $0.26.

Century Communities has raised its dividend payment by an average of 32.2% per year over the last three years. Century Communities has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE CCS traded up $0.49 during mid-day trading on Wednesday, reaching $76.84. The company had a trading volume of 616,982 shares, compared to its average volume of 482,051. Century Communities has a 1-year low of $68.49 and a 1-year high of $108.42. The stock has a market cap of $2.38 billion, a PE ratio of 7.39 and a beta of 1.92. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $78.39 and a two-hundred day moving average price of $89.81.

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, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, equities analysts anticipate that Century Communities will post 12.1 earnings per share for the current year.

Analyst Ratings Changes

CCS has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $97.00 in a research note on Friday, December 13th. Wedbush reaffirmed a “neutral” rating and issued a $93.00 target price (down 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 report on Thursday, December 5th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a report on Friday, January 31st. Finally, B. Riley reissued a “buy” rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Century Communities presently has a consensus rating of “Hold” and a consensus target price 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.