Evercore ISI analyst James Kammert downgraded Community Healthcare to Underperform from In Line with a price target of $25, down from $27, after the REIT reported Q2 AFFO of 53c, “well below” the firm’s 61c per share estimate and consensus of 60c per share. Rental and interest income reversals relating to a tenant/borrower drove the miss, notes the analyst, whose 2024 and 2025 AFFO estimates fall by 5% and are now “well below consensus.”
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Read More on CHCT:
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- Community Healthcare Trust Incorporated Announces Increased Second Quarter Dividend
- Community Healthcare raises quarterly dividend to 46.25c per share from 46c
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