Truist lowered the firm’s price target on Community Healthcare (CHCT) to $19 from $20 and keeps a Buy rating on the shares. The firm is projecting moderate earnings growth going forward, adding, however, that leverage has been creeping up and the REIT would greatly benefit from a better cost of equity, the analyst tells investors in a research note.
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Read More on CHCT:
- Community Healthcare price target raised to $17 from $16 at Evercore ISI
- Community Healthcare price target raised to $18 from $17 at Piper Sandler
- Community Healthcare Trust Signals Steady Growth Amid Headwinds
- Community Healthcare Trust Announces Dividend and Q4 Results
- Community Healthcare reports Q4 AFFO 55c, consensus 57c