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Chartwell Retirement Residences ( ($TSE:CSH.UN) ) just unveiled an announcement.
Chartwell Retirement Residences has announced a significant acquisition of six senior housing communities in southwestern Ontario, totaling 1,024 suites, for $432 million. This strategic move aims to expand Chartwell’s presence in a growing market, enhance its portfolio with modern, purpose-built assets, and provide opportunities for sustainable growth through asset optimization and development.
The most recent analyst rating on ($TSE:CSH.UN) stock is a Buy with a C$16.50 price target. To see the full list of analyst forecasts on Chartwell Retirement Residences stock, see the TSE:CSH.UN Stock Forecast page.
Spark’s Take on TSE:CSH.UN Stock
According to Spark, TipRanks’ AI Analyst, TSE:CSH.UN is a Outperform.
Chartwell Retirement Residences scores a 71, driven by strong earnings call outcomes and solid financial performance. While high leverage and valuation concerns exist, the positive technical indicators and strategic corporate events bolster the stock’s outlook.
To see Spark’s full report on TSE:CSH.UN stock, click here.
More about Chartwell Retirement Residences
Chartwell is a leading operator in Canada’s senior housing sector, dedicated to enhancing the lives of seniors through a variety of housing options, including independent living, assisted living, and long-term care. As an unincorporated, open-ended real estate trust, Chartwell serves approximately 25,000 residents across four provinces, emphasizing quality care and community for seniors.
Average Trading Volume: 314,480
Technical Sentiment Signal: Buy
Current Market Cap: C$5.25B
See more insights into CSH.UN stock on TipRanks’ Stock Analysis page.