BMO Capital analyst Juan Sanabria raised the firm's price target on Chiron Real Estate to $39 from $33 and keeps a Market Perform rating on the shares. The company pivoted decisively towards higher growth SHOP community acquisition, necessitating a second dividend cut and guidance withdrawal, but while the transition is initially dilutive, it may highlight the discounted value of the REIT's legacy portfolio, the analyst tells investors in a research note.
