Chartwell Retirement Residences (TSE:CSH.UN) Receives C$24.94 Consensus PT from Brokerages

Chartwell Retirement Residences (TSE:CSH.UN) has received an average rating of “Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$24.94.

A number of analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday. Scotiabank lifted their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday. Desjardins upped their price objective on shares of Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday. ATB Cormark Capital Markets increased their price objective on Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the company an “outperform” rating in a report on Monday. Finally, TD Securities boosted their target price on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday.

Chartwell Retirement Residences Price Performance

CSH.UN stock opened at C$21.58 on Monday. Chartwell Retirement Residences has a one year low of C$15.59 and a one year high of C$23.21. The firm has a 50-day moving average of C$21.04 and a two-hundred day moving average of C$20.22. The firm has a market capitalization of C$6.56 billion, a PE ratio of 223.00 and a beta of 0.72. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 16th will be issued a $0.051 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 2.8%. Chartwell Retirement Residences’s dividend payout ratio (DPR) is 632.43%.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.