Community Healthcare (CHCT) Receives a Hold from B.Riley FBR

By Jason Carr

In a report released yesterday, Bryan Maher from B.Riley FBR maintained a Hold rating on Community Healthcare (CHCTResearch Report), with a price target of $38.00. The company’s shares closed last Monday at $46.03, close to its 52-week high of $49.17.

According to TipRanks.com, Maher is a 4-star analyst with an average return of 6.0% and a 57.8% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties, Senior Housing Properties, and Braemar Hotels & Resorts.

Community Healthcare has an analyst consensus of Moderate Buy, with a price target consensus of $41.50.

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Based on Community Healthcare’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.72 million. In comparison, last year the company had a net profit of $1.71 million.

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Community Healthcare Trust, Inc. engages in the acquisition of real estate properties that are leased to hospitals, doctors, healthcare systems, and other healthcare services providers. It invests in healthcare properties including outpatient treatment and diagnostic facilities; urgent care centers; acute care hospitals; ambulatory surgery centers; assisted living and long-term care facilities; medical office buildings; clinics; specialty hospitals; and treatment centers. The company was founded by Timothy G. Wallace on March 28, 2014 and is headquartered in Franklin, TN.