Investment Thesis
Community Healthcare Trust Incorporated (CHCT) delivered a good Q2 2019 with positive funds from operations growth. The company has a portfolio of geographically diversified healthcare properties in the U.S. Its healthcare properties should benefit from an ageing U.S. population and especially the trend towards more outpatient services. In addition, it has a healthy balance sheet to support its growth by acquisition strategy. The company pays a growing 3.8%-yielding dividend. However, CHCT is currently trading at a premium valuation. Therefore, we think investors should wait for a pullback.
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