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Fly News Breaks for March 28, 2019
CHCT
Mar 28, 2019 | 06:28 EDT
DA Davidson analyst Barry Oxford initiated Community Healthcare with a Neutral rating and a price target of $38, saying that while the premium on the stock is supported by its above-average growth rate, its prospects are already reflected in the valuation. The analyst notes that the company intends to continue growing its portfolio through acquisitions of non-urban healthcare facilities and generating "stable revenue growth and predictable long-term cash flow." Oxford also believes that Community Healthcare can grow its overall earnings by 10%-15%, adding that the secular trend of aging population will be a driving force for the REIT over next few decades.