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Fly News Breaks for December 3, 2019
CHCT
Dec 3, 2019 | 08:16 EDT
SunTrust analyst Michael Lewis raised his price target on Community Healthcare to $50 and kept his Buy rating, saying that while the stock has risen 65% year to date, there is still "plenty of reasons" to remain positive. The analyst cites the company's healthy acquisition pipeline, "extremely wide" spread between investment yields and the cost of capital, and its low financial leverage. Lewis also believes that the REIT's portfolio diversification should mitigate the risk of tenant issues.
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