Truist analyst Michael Lewis raised the firm’s price target on Community Healthcare (CHCT) to $23 from $22 and keeps a Buy rating on the shares. The company stands to benefit from short-term interest rate cuts due to its sticky and high acquisition cap rates partially funded with a material balance on a floating-rate credit facility, the analyst tells investors in a research note.
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Read More on CHCT:
- Community Healthcare price target raised to $23 from $22 at Truist
- Community Healthcare price target raised to $19 from $18 at Piper Sandler
- Community Healthcare Trust Reports Mixed Financial Results
- Community Healthcare Trust Expands with Strategic Acquisitions
- Community Healthcare reports Q3 AFFO 55c, consensus 52c
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