Citizens reiterated a Market Outperform rating for Chiron Real Estate. The firm maintained a $42 price target for the company.
On June 1, Chiron completed the $249 million acquisition of two senior living communities in the Washington, D.C. area. The transaction includes The Landing and The Riviera properties.
This deal marks Chiron's first investment in seniors housing operating properties (SHOP). The acquisition represents approximately 14% of the company's gross real estate assets.