Chartwell Retirement Residences (TSE:CSH.UN) Price Target Cut to C$21.00 by Analysts at TD Securities

Chartwell Retirement Residences (TSE:CSH.UN) had its target price lowered by TD Securities from C$22.00 to C$21.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on CSH.UN. BMO Capital Markets lifted their price target on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. Desjardins lifted their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Monday. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Chartwell Retirement Residences currently has an average rating of “Buy” and an average price target of C$20.44.

Chartwell Retirement Residences Stock Down 0.1%

Shares of CSH.UN stock opened at C$18.38 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 1 year low of C$14.13 and a 1 year high of C$18.79. The firm’s fifty day moving average price is C$18.09 and its two-hundred day moving average price is C$17.31. The firm has a market capitalization of C$4.99 billion, a P/E ratio of -108.12 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a $0.051 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, July 31st. Chartwell Retirement Residences’s dividend payout ratio (DPR) is -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.