Chartwell Retirement Residences (TSE:CSH.UN) Receives C$18.38 Consensus Price Target from Brokerages

Chartwell Retirement Residences (TSE:CSH.UN) has been given a consensus rating of “Buy” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$18.38.

Several equities analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a report on Monday, May 12th. Canaccord Genuity Group set a C$20.50 target price on shares of Chartwell Retirement Residences and gave the company a “buy” rating in a report on Thursday, April 3rd. Finally, TD Securities raised their target price on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 in a report on Monday, May 12th.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN opened at C$18.35 on Tuesday. The company has a 50-day simple moving average of C$18.12 and a 200-day simple moving average of C$16.88. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The company has a market capitalization of C$4.98 billion, a PE ratio of -107.94 and a beta of 1.12. Chartwell Retirement Residences has a 52-week low of C$12.94 and a 52-week high of C$18.70.

Chartwell Retirement Residences Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.051 per share. The ex-dividend date is Monday, June 30th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.34%. Chartwell Retirement Residences’s dividend payout ratio is currently -358.82%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.