Chartwell Retirement Residences (TSE:CSH.UN) Price Target Increased to C$12.50 by Analysts at TD Securities

Chartwell Retirement Residences (TSE:CSH.UN) had its target price hoisted by TD Securities from C$12.00 to C$12.50 in a report released on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada increased their price target on Chartwell Retirement Residences from C$12.00 to C$13.00 and gave the company an outperform rating in a research note on Monday, August 14th. National Bankshares increased their price target on Chartwell Retirement Residences from C$11.50 to C$12.00 and gave the company an outperform rating in a research note on Tuesday, September 19th. CIBC increased their price target on Chartwell Retirement Residences from C$13.00 to C$14.00 and gave the company an outperform rating in a research note on Monday. Finally, Scotiabank increased their price target on Chartwell Retirement Residences from C$12.50 to C$13.50 and gave the company an outperform rating in a research note on Monday, October 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and an average price target of C$13.00.

Chartwell Retirement Residences Stock Down 0.5 %

TSE:CSH.UN opened at C$10.40 on Monday. The stock’s fifty day moving average price is C$10.31 and its two-hundred day moving average price is C$9.82. Chartwell Retirement Residences has a 52-week low of C$7.77 and a 52-week high of C$10.83. The company has a debt-to-equity ratio of 266.20, a quick ratio of 0.07 and a current ratio of 0.08. The company has a market cap of C$2.49 billion, a price-to-earnings ratio of 130.00 and a beta of 1.13.

Chartwell Retirement Residences Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 15th were issued a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend was Wednesday, August 30th. Chartwell Retirement Residences’s payout ratio is 762.50%.

Insider Buying and Selling

In other Chartwell Retirement Residences news, Director Gary Neil Whitelaw purchased 5,100 shares of Chartwell Retirement Residences stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of C$10.40 per share, for a total transaction of C$53,040.00. 0.60% of the stock is currently owned by corporate insiders.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.