The Globe and Mail reports in its Tuesday, Aug. 15, edition that RBC Capital analyst Pammi Bir continues to rank Chartwell Retirement Residences REIT "outperformer." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bir increased his unit target to $13 from $12, which is the current average. Mr. Bir says in a note: "After a lengthy period of challenges, Chartwell Retirement Residences REIT seems to be finally finding its footing. Notably, more effective operating strategies and macro tailwinds are collectively driving stronger occupancy traction. Indeed, we believe the rehabilitation of operating metrics is in the early days, with a compelling earnings recovery about to take hold. Investors may need some more convincing, but we think current levels provide an attractive risk-adjusted entry point." The Globe reported on Aug. 17, 2022, and Oct. 19, 2022, that Scotia Capital analyst Himanshu Gupta rated Chartwell Retirement "sector perform." The units could be had for $10.90 and $8.35. The Globe reported on July 19, 2023, that National Bank Financial analysts Matt Kornack and Tal Woolley had reaffirmed their "outperform" call for Chartwell Retirement. The units could then be had for $9.80.
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