Truist analyst Michael Lewis lowered the firm’s price target on Community Healthcare (CHCT) to $19 from $23 and keeps a Buy rating on the shares. The firm notes that the REIT’s normalized FFO appears likely to be slightly lower than in 2020, primarily reflecting the toll of rising interest rates and a falling stock price, as well as two tenant issues and the passing of the company’s founder and original CEO, the analyst tells investors in a research note.
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