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Chartwell Retirement Residences ( ($TSE:CSH.UN) ) just unveiled an announcement.
Chartwell Retirement Residences announced strategic growth and financing initiatives, including the acquisition of several properties in Quebec and the development of a new retirement residence in Calgary. These initiatives are part of Chartwell’s strategy to expand its portfolio with modern, efficient properties in urban markets, supported by a $250 million equity raise and $87 million in new financings. The company’s investment grade rating was affirmed with a positive outlook, reflecting confidence in its growth trajectory.
The most recent analyst rating on ($TSE:CSH.UN) stock is a Hold with a C$20.00 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 Neutral.
Chartwell Retirement Residences benefits from strong operational performance and strategic expansion, as highlighted in the earnings call. However, financial risks due to high leverage and cash flow challenges, along with a high P/E ratio, moderate the overall score.
To see Spark’s full report on TSE:CSH.UN stock, click here.
More about Chartwell Retirement Residences
Chartwell Retirement Residences is a company operating in the senior living industry, primarily focused on providing independent living and assisted living accommodations. It is engaged in acquiring and developing retirement residences in dynamic urban markets across Canada.
Average Trading Volume: 565,847
Technical Sentiment Signal: Buy
Current Market Cap: C$6B
See more insights into CSH.UN stock on TipRanks’ Stock Analysis page.