Janney upgrades Community Healthcare REIT to 'buy'

Community Healthcare Trust

13/01/2023 14:30

** Janney upgrades real estate investment trust (REIT)
Community Healthcare Trust Inc  CHCT.N  to 'buy'
    ** Brokerage raises fair value est to $44 from $39 
    ** New fair value implies an upside of ~12% on last close
    ** "We like CHCT's business model and management team" -
Janney
    ** Says ~91% of co's properties were leased by Sept. 30
    ** Adds co has investments in 161 properties and mortgages
totaling ~3.5 mln sq ft 
    ** YTD, stock is up ~10%, as of last close 
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))