Chartwell Retirement Residences (TSE:CSH.UN) Receives C$21.07 Average PT from Brokerages

Shares of Chartwell Retirement Residences (TSE:CSH.UN) have been given an average rating of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$21.07.

A number of research analysts recently issued reports on CSH.UN shares. BMO Capital Markets lifted their price target on Chartwell Retirement Residences from C$19.00 to C$21.00 in a report on Monday, May 12th. Desjardins upped their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Royal Bank Of Canada raised their price target on Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Scotiabank upped their price objective on Chartwell Retirement Residences from C$20.00 to C$22.00 in a research report on Monday, August 11th. Finally, TD Securities lowered their target price on Chartwell Retirement Residences from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Monday, August 11th.

Chartwell Retirement Residences Stock Up 1.2%

CSH.UN opened at C$18.52 on Wednesday. The firm’s 50-day simple moving average is C$18.15 and its 200-day simple moving average is C$17.50. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. Chartwell Retirement Residences has a twelve month low of C$14.43 and a twelve month high of C$18.79. The firm has a market cap of C$5.36 billion, a price-to-earnings ratio of 94.83 and a beta of 0.79.

Chartwell Retirement Residences Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be paid a $0.051 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 29th. Chartwell Retirement Residences’s dividend payout ratio (DPR) is 313.36%.

Chartwell Retirement Residences Company Profile

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.